Some economists, however, argue that the experience of France in the 1920s was the first case of chronic inflation.

At the same time economic stability increased and previously chronic inflation was drastically reduced.

This started a cycle of chronic inflation that continued through much of the early 1990s.

Due to chronic inflation, no coins circulated for many years.

However, due to chronic inflation, coins below 1 peso are now rarely found.

You remember - stagnant economic growth coupled with chronic inflation.

This chronic inflation is caused by several factors.

Even though the 1980's knocked the wind out of nearly two decades of chronic inflation, the problem can't be solved once and for all.

But this growth depends on continued foreign borrowing, which has been threatened by chronic inflation.

Economic stability increased and previously chronic inflation was drastically reduced.