economics

hyperinflation

Extremely rapid or out-of-control inflation in which prices increase rapidly and the currency loses its value.

Example

"Zimbabwe's hyperinflation in 2008 was so severe that prices doubled every 24 hours."

💡 Memory Tip

HYPER = excessive. Hyperinflation is inflation gone hyper — prices rise uncontrollably fast.

Etymology

Hyper (excessive) + inflation — inflation that is excessive and out of control.

Common Misspellings

hyperinflationhyper inflationhyperinflationhyperinflasion

Related Terms

inflationmonetary policy

See Also

currencycentral bank

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