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Hyperinflation Definition

Hyperinflation is an extremely rapid and often uncontrollable rise in prices within an economy.

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What is Hyperinflation?

Hyperinflation drastically erodes the purchasing power of a currency, sometimes within days or weeks.

It is typically caused by factors such as excessive money supply growth or a collapse in confidence in the currency.

Example of Hyperinflation

An economy where prices double every few weeks is experiencing hyperinflation.

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