hyperinflation

(noun)

In economics, this occurs when a country experiences very high, accelerating, and perceptibly "unstoppable" rates of inflation. In such a condition, the general price level within an economy rapidly increases as the currency quickly loses real value.

Related Terms

Examples of hyperinflation in the following topics:

  • Impact of Inflation on Financial Statement Analysis

    • This type of accounting is used in countries experiencing high inflation or hyperinflation.

  • Forms of Money

    • For instance, countries with high inflation rates or hyperinflation have rapidly growing money supplies.
    • Hyperinflation is a country's inflationrate becomes extremely high, and prices become meaningless.