The country faced runaway inflation, causing prices to skyrocket.
Страна столкнулась с гиперинфляцией, что вызвало резкий рост цен.
Definitions
Runaway inflation refers to a situation where the inflation rate rises uncontrollably and rapidly, often exceeding 50% per month, leading to a significant decrease in the purchasing power of money. It typically results from excessive money supply, loss of confidence in the currency, and can cause severe economic instability.
