noun
- extremely rapid or out-of-control inflation in which prices increase very quickly, causing money to lose its value
Usage: economics
Examples
- Germany experienced severe hyperinflation in the 1920s.
- During hyperinflation, people needed wheelbarrows full of money to buy basic goods.
- The country’s hyperinflation made savings worthless overnight.
- Economists warned that printing too much money could lead to hyperinflation.
- Hyperinflation destroyed the middle class’s purchasing power.
- The government struggled to control hyperinflation as prices doubled weekly.