This is a ‘very high inflation’ running in the range of double-digit or triple-digit (i.e., 20 percent, 100 percent or 200 percent in a year). In the decades of 1970s and 1980s, many Latin American countries such as Argentina, Chile, and Brazil had such rates of inflation—in the range of 50 to 700 percent. The Russian economy did show such inflation after the disintegration of the ex-USSR in the late 1980s.
Contemporary journalism has given some other names to this inflation—hopping inflation, jumping inflation and running or runaway inflation.
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