When the currency loses value, causing people to spend it more quickly, this:

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When the currency loses value, people tend to spend it more quickly to avoid further losses in purchasing power. This behavior can increase the velocity of money, which, when combined with the money supply, determines the inflation rate. An increase in the velocity of money due to a loss in currency value can have a similar effect on inflation as an increase in money growth, as both scenarios effectively increase the amount of money chasing goods and services in the economy.

When the Currency Loses Value, Causing People to Spend It