"sharp inflation" is a correct and usable phrase in written English.
Example: Following the pandemic, many countries experienced sharp inflation due to increases in the cost of goods.
The higher fuel prices, along with rising food prices, are contributing to sharp inflation.
Few economists see much danger of the rationing, gas lines, sharp inflation and deep recession of those years recurring today.
More details please because this spring's crop of annual reports tell the unmistakable tale of sharp inflation in boardroom pay.
The price of gold rose, and the value of the dollar dropped against other currencies, a reflection of concern that the Fed's actions could set the stage for a weaker dollar and sharp inflation once the economy begins to recover.
Developers' reluctance to flood the market with new homes while prices continue to rise, a lack of skilled construction workers and even sharp inflation on some building materials have all slowed housebuilding.
Higher prices and a rush to drill new wells have also contributed to sharp inflation in the industry, with exploration and production costs more than doubling in recent years.
The average cost of cancer treatment is currently estimated at $10,000 per month, but after a decade of sharp price inflation in cancer drugs, insurers are questioning those prices.
"That's when I think we could see the dollar go into a sharp decline, inflation spike up and the Fed maybe has no choice but to become more aggressive," he said.
It has the world's steepest economic decline, the second highest murder rate and the sharpest-rising inflation (forecast to reach 2,200% by the end of next year, according to the International Monetary Fund).
That spells more trouble for the stockmarket, which tends to perform poorly after multiple interest-rate increases.Mr Greenspan was shaken out of his love affair with the inflation-defying new economy by a sharp rise in inflation during March.
Economists blamed the sharp rise in inflation after the EU referendum for the reversal of pay growth, as inflation triggered by the drop in the value of the pound after the Brexit vote outstripped wage rises.
