Inflation An increase in the money supply and a rise of the monetary demand that is not matched by a corresponding amount of goods. Until long after the end of the war, people were accustomed to speak of “rising prices” instead of inflation or devaluation. In current research, the “age of inflation” denotes the period extending from the war to the beginning of the currency stabilization in November 1923. It also alludes to the economic, political, social, and cultural changes that resulted from the currency devaluation as well as to the ways of coming to terms with inflation. The causes of w…