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Economics

Inflation Control

Quick fact

During Germany's 1923 hyperinflation, prices doubled every 3.7 days, making a loaf of bread cost billions of marks. Central banks today aim to keep inflation around 2% to prevent such extremes.

Why this is interesting

You've noticed prices creeping up year after year—but what if they suddenly doubled every month? That's why economies have a thermostat for inflation. How do central banks keep prices from boiling over?