chronic inflation

Definition

Occurs when a country experiences unusually high inflation, usually over ten percent per year, for an extended number of years. In some cases this is caused by the continually expansion of currency which subsequently reduces monetary values.

Use chronic inflation in a sentence

You should try and figure out a way to adjust to any chronic inflation so that you are staying in front of it.

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Spain was experiencing chronic inflation so that the currency was nearly worthless to purchase the goods necessary to feed one's family.

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The countries economy had been dealing with unusually high inflation for some time now. This chronic inflation was devestating and they were not sure how they could get out of it.

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