Question

What is Hyperinflation? What are the factors responsible for this.

Answer 1

Hyperinflation is when the prices of goods and services rise more than 50 percent a month. At that rate, a loaf of bread could cost 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.

Answer 2

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It is a situation when there is very high price rise. It occurred in Germany after the First World War due to too much printing of currency.