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The phrase "high inflation" is correct and usable in written English.
It is used to describe a situation in which prices are increasing rapidly. For example, "The country suffered from high inflation last year, leading to a significant decrease in buying power."
Exact(60)
High inflation returned.
Growth was high, inflation and unemployment low.
High inflation and interest rates deterred investment.
The past year's high inflation shows this.
(3) People hated high inflation.
Most Americans hated high inflation.
High inflation puts the Fed in a difficult situation.
Despite high inflation, there is going to be more QE.
Still others said they were mainly motivated by high inflation.
High inflation makes matters worse in at least two ways.
Quantitative easing doesn't necessarily lead to high inflation.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com