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Chronic inflation

慢性インフレ ／ chronic inflation　—　Phenomena

A rise in prices that does not flare up suddenly but continues over several decades.

100,000 Lira Note 100,000 Lira Note1990s 20,000,000 Lira Banknote 20,000,000 Lira Banknote2000–01
A photograph of the real thing this term names.

A rise in prices that does not flare up suddenly but continues for decades. It is a 'pattern of dilution' seen in post-war Turkey and in various countries during their periods of high economic growth.

⚠ Hyperinflation becomes a story, but chronic inflation becomes daily life. By the time you notice, another digit has been added to prices.