Sentences with phrase «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
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.
Due to skyrocketing inflation caused by churning out so much money, paper bills had to be abolished in China in the 15th century.
Skeptics have expressed doubts that the currency will thrive, mainly because of lack of trust in a government whose debt is being renegotiated and whose policies have brought skyrocketing inflation.
Whether rich or poor, the skyrocketing inflation has eaten into everybody's savings and spending power.
In 2015, Maduro's government created a new exchange rate to combat the skyrocketing inflation.
On top of that, the same right - wing cons who praise capitalism as the reason that millions of people have, truthfully, found a way out of poverty, support politicians who keep wages stagnated, attack the very CONCEPT of a minimum wage despite the skyrocketing inflation and general cost of living, and support one war after another that makes a handful of people VERY rich while millions suffer, and thousands of troops come home with no legs (and thus, lose their jobs and often never recover).