IPA: /ˌoʊvərɪnˈfleɪʃən/
KK: /oʊvərɪnˈfleɪʃən/
A situation where prices rise too much, often leading to economic problems.
The country faced serious economic issues due to overinflation.
Overinflation → It is formed from "over-" (meaning excessively) and "inflate" (from Latin "inflatare", meaning to blow up or swell). The word refers to the excessive increase in the price level of goods and services, leading to a decrease in purchasing power.
Think of 'over-' meaning excessively and 'inflate' meaning to swell or blow up — this helps you remember that overinflation means an excessive swelling of prices.