How was the Concept of Price-Wage Inflation Expressed in the Roman World?

1. How did Romans deal with inflation?
2. What was inflation in the Roman Empire?
3. How did inflation occur in Rome?
4. Why was inflation a problem in the Roman Empire?

How did Romans deal with inflation?

This hyperinflation, coupled with the debasement of the Roman Denarius, caused the Roman Empire to start losing money, and to counter that, they instituted more taxes on the people. People started bartering with goods and commodities instead of a centralized medium of exchange like the Roman Denarius.

What was inflation in the Roman Empire?

Although there is no definitive number, economists and historians believe that Rome's inflation rate reached an all-time high of 15,000% between AD 200 and 300.

How did inflation occur in Rome?

The debasement of the Roman currency ultimately led to over-taxation and inflation, which in turn caused a financial crisis. The gradual debasement of the Roman currency/coin can be tracked through the metal composition of the denarius.

Why was inflation a problem in the Roman Empire?

Every time the silver value of the denarius dropped, prices naturally rose. The result was that the government, in order to try to protect its civil servants and its soldiers from the effects of inflation, began to demand payment of taxes in kind and in services rather than in coin.