Encyclopedia of Early Modern History Online

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(1,140 words)

1. Definition and causes

Inflation means a general rise in prices, associated with a loss in the purchasing power of money [2]. Depending on the height of the rise in prices, we distinguish between creeping or secular inflation and galloping inflation (hyperinflation); the latter is frequently associated with a general currency crisis. To measure inflation, prices of certain commodity groups are consolidated into price indexes. In the real economy, the effects of inflation are …

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Metz, Rainer, “Inflation”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 05 December 2020 <http://dx.doi.org/10.1163/2352-0272_emho_COM_021387>
First published online: 2015
First print edition: 20190124

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