What is hyperinflation in economics?

What is Hyperinflation? In economics, hyperinflation is used to describe situations where the prices of all goods and services rise uncontrollably over a defined time period. In other words, hyperinflation is extremely rapid inflation. Generally, inflation is termed hyperinflation when the rate of inflation grows at more than 50% a month.

What distinguishes hyperinflation from inflation?

What differentiates hyperinflation from inflation is the rate and the causes. Hyperinflation is sometimes defined as inflation greater than 50 percent per month, in comparison with typical inflation in a developed country of 1 to 4 percent annually.

Is hyperinflation a real thing?

In some quarters, people have even started talking about inflation’s wild first cousin, hyperinflation. What Is Hyperinflation? 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.