hyperinflation

[hahy-per-in-fley-shuhn]

noun

1. extreme or excessive inflation.

hyperinflation

/ ˌhaɪpəɪnˈfleɪʃən /

noun

1. Also called: galloping inflation. extremely high inflation, usually over 50 per cent per month, often involving social disorder

Other Word Forms

• hyperinflationary adjective

Word History and Origins

Origin of hyperinflation¹

First recorded in 1925–30; hyper- + inflation

Example Sentences

Mnangagwa, who ousted long-time ruler Robert Mugabe, has presided over a collapsing economy that has suffered hyperinflation and unemployment, undermined by alleged corruption and cronyism.

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Rather than letting the peso float, which risked sparking hyperinflation, Milei allowed the peso to depreciate 2% a month against the dollar.

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Another problem for Milei is that Argentines are quick to sell pesos and buy dollars after decades of seeing their savings wiped out by devaluations and hyperinflation.

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Second, some gold fans point back to instances such as the Weimar Republic in Germany in 1923, when the paper currency was rendered worthless by the greatest example of hyperinflation in recorded history.

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The 31-year-old joke teller was born and raised in the Venezuelan city of Maracaibo as the South American country faced continuous political turmoil under the prolonged presidencies of Hugo Chavez and Nicolás Maduro, among other economic, humanitarian and democratic challenges — such as hyperinflation, increased rates of starvation and decreased access to adequate healthcare services.

Read more on Los Angeles Times

Related Words

• devaluation