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Sep 30, 2023 · Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising prices for goods and services,...
- Will Kenton
- 1 min
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies.
Jul 19, 2022 · Hyperinflation is a rapid spike in extreme inflation, usually at a rate of at least 50% per month. This would equal an inflation rate of about 14,000% per year. Some definitions refer to...
- Coryanne Hicks
Jul 20, 2022 · Hyperinflation can be caused by a government that prints more money than its nation’s GDP can support. Hyperinflation tends to occur during a period of economic turmoil or depression. Demand-pull inflation can also cause hyperinflation. Some examples of hyperinflation include Germany, Venezuela, Zimbabwe, and the Confederacy during the Civil War.
- Kimberly Amadeo
Mar 5, 2024 · What is hyperinflation? Hyperinflation is the rapid and uncontrolled increase of inflation in an economy, according to Investopedia. The phenomenon is rare but when it occurs, the...
- James Powel
- Trending News Reporter
Nov 3, 2023 · Hyperinflation is a severe form of inflation, which is the widespread increase in prices on goods and services. What differentiates hyperinflation from inflation is the rate and the causes.
It refers to a situation where the prices of goods and services rise uncontrollably over a defined period of time. In general, the term is used when the rate of inflation increases at more than 50% a month. Typically, hyperinflation is triggered by a very quick growth in the money supply.
