This refers to annual rates of increase in the general price level that are above some arbitrarily defined high threshold, thought to imply a loss of monetary control over the economy. It usually requires drastic policy measures, such as currency substitution and a severe curbing of budget deficits, with high social and political costs. The phenomenon is particularly associated with parts of the Third World such as Brazil and Mexico. See also inflation.

Dictionary of sociology. 2013.

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  • hyper-inflation — see hyperinflation …   English dictionary

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  • Inflation — Reichsbanknote 5 Milliarden Mark, 10. September 1923 50 Millionen Mark St …   Deutsch Wikipedia

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