Raging Inflation is a situation where prices of goods and services rise very rapidly and uncontrollably, significantly reducing purchasing power.
Raging Inflation refers to extreme and persistent inflation, where the cost of living rises quickly, making everyday goods more expensive. It often occurs due to excess money supply, supply shortages, or economic instability.
Central banks like the Reserve Bank of India try to control such situations using monetary tightening policies (e.g., raising interest rates).
"If prices of essential goods increase by 15–20% annually, it may indicate raging inflation."