Etymology
From hyper- (prefix meaning excessive) + inflation.
Noun
hyperinflation (plural hyperinflations)
- (economics) A very high rate of inflation.
- The United States was experiencing a great deal of hyperinflation just as the Great Recession was beginning.
Usage notes
There is no precise quantitative level that defines hyperinflation. A conventionally used threshold is 50 percent annual inflation.
At hyperinflationary levels, both the money supply and the price level are inflated at great rates.
Related terms
- deflation
Credits
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