Galloping inflation is a term used to describe a rapid and uncontrollable increase in prices of goods and services. It's a phenomenon that causes significant economic instability and can cause hardship to individuals and businesses alike. Though galloping inflation is a popular term, there are other synonyms that can accurately describe the same phenomenon. These include runaway inflation, hyperinflation, soaring prices, and skyrocketing inflation. These terms are all used interchangeably with galloping inflation and all describe the same situation where the prices of goods and services increase rapidly, leading to severe economic consequences. Regardless of the term used, it's important to understand the causes and implications of high inflation and take necessary steps to address it.