Phrases with «skyrocketing inflation»

"Skyrocketing inflation" refers to a situation where the prices of goods and services rise very quickly and excessively. It means that the cost of everyday items increases rapidly, making it more expensive for people to buy things they need. Full definition

Sentences with «skyrocketing inflation»

  • Since 2013, when Nicolás Maduro took power after the death of Hugo Chávez, the socialist country has struggled with skyrocketing inflation, food and medicine shortages, a shrinking economy and rising violence and corruption. (usfunds.com)
  • One interesting example is Venezuela where many are mining Bitcoin because of skyrocketing inflation. (technode.com)
  • Due to skyrocketing inflation caused by churning out so much money, paper bills had to be abolished in China in the 15th century. (discovermagazine.com)
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