what do you understand by hyper inflation
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Hyperinflation is when the prices of goods and services rise more than 50 percent a month. At that rate, a loaf of bread could one amount in the morning, and a higher one in the afternoon. The severity of cost increases distinguishes it from the other types of inflation. The next worst, galloping inflation, only sends prices up 10 percent or more a year.
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Hyper inflationis a fast decrease in the value of a currency that drastically reduces the purchasing power of the currency marked by extreme price increases of normal goods and services.
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Hyper inflationis a fast decrease in the value of a currency that drastically reduces the purchasing power of the currency marked by extreme price increases of normal goods and services.
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