When hyperinflation peaked, wheelbarrows full of money were required to shop for groceries.
Extreme inflation in which prices rise uncontrollably, threatening to completely wipe out a currency's purchasing power The United States has never undergone hyperinflation, but many major currencies of the world have Purchasing power of the German mark was wiped out by hyperinflation prior to WWII Brazil, Argentina, Mexico and many other developing countries have experienced hyperinflation during the last twenty years Today, many of the countries of the former Soviet Union are undergoing hyperinflation, with consumer price indexes rising 2,000% or more yearly
An extremely high rate of inflation that destroys a currency's value over a short period of time
Hyperinflation is very severe inflation. a very fast rise in prices that seriously damages a country's economy
A period in which the rate of inflation is so high that money is practically worthless
Very high and self sustaining inflation levels One definition being the period while inflation exceeds 50% until it has drops below that level for 12 months
an extremely rapid rise in prices Inflation rates of over 100% per year are generally considered hyperinflation
execessive or great amount of increase in the size or amount of something, particularly in the money supply, which is usually accompanied by a great increase in prices. (Inflation in the money supply is technically an increase in the amount of money in circulation, but the term inflation is sometimes misunderstood to mean an increase in prices.)
A term describing a huge increase in an economy's price level over a short period of time Hyperinflation is typically measured by a several-times increase in the average level of inflation This rapid price increase can lead to insolvency of the economy's banking system, devaluation of its currency on global markets, and national economic collapse
A rapidly accelerating rate of inflation which is perilous to a country's economy because it undermines the ability of its currency to perform its traditional functions (i e , standard of value, store of value, and reliable medium of exchange), and occasions a shift in the ultilization of the nation's resources from productive efforts toward speculation Hyperinflation could cause a high exponential rise in prices in as short a period as a single month