Question

what is hyperinflation?

Answer 1

Hi,

Definition: Hyperinflation is when the prices of goods and services rise more than 50 percent a month. The severity of price increases distinguishes it from the other types of inflation. In galloping inflation, prices rise ten percent or more a year.

Hyperinflation starts when a country's government begins printing money to pay for spending. As the money supply increases, prices rise as in regular inflation.
Hope it helps!

Answer 2

Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.In economics, hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money.