hyperinflation

American  

[hahy-per-in-fley-shuhn] / ˌhaɪ pər ɪnˈfleɪ ʃən /

noun

1. extreme or excessive inflation.

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hyperinflation British  

/ ˌhaɪpəɪnˈfleɪʃən /

noun

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

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Other Word Forms

• hyperinflationary adjective

Etymology

Origin of hyperinflation

First recorded in 1925–30; hyper- + inflation

Example Sentences

It’s hard not to feel hope for a country that has endured years of economic collapse, hyperinflation and mass migration.

From The Wall Street Journal

Nearly all transactions in Venezuela took place in dollars owing to the hyperinflation and eventual worthlessness of the local bolivar currency.

From MarketWatch

The devalued currency yielded hyperinflation of 344,509% in 2019.

From The Wall Street Journal

The national currency, the rial, has lost more than a third of its value against the US dollar over the past year, while double-digit hyperinflation has been undermining Iranians' purchasing power for years.

From Barron's

The gap between the official and black market rate is mounting as well, nearing 100 percent in an economy that has become increasingly dollarized as a way to tackle hyperinflation.

From Barron's

Related Words

• devaluation