Runaway inflation is a term used to describe a situation where there is a rapid increase in prices, leading to a loss in the purchasing power of money. This can have severe consequences on an economy, leading to increased poverty, unemployment, and social unrest. Synonyms for runaway inflation include hyperinflation, out-of-control inflation, unbridled inflation, and rampant inflation. Other related terms include price spiral, price explosion, price inflation, and cost-push inflation. All these terms refer to the same phenomenon of inflation spiraling out of control, leading to an economic crisis that can be difficult to resolve. Governments around the world use various policies to control inflation and stabilize their economies before the situation becomes dire.