what is hyperinflation????
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In economics, hyperinflation is very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase.
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•Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.
•Hyperinflation refers to a situation where money supply is in excess and out of control, something that does not match up to the gross domestic production.
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