ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Hyperinflation is a term used when inflation rates exceed 50%. This is typically caused by rapid growth of the supply of paper money.

Detailed explanation-2: -Hyperinflation – an explanation It refers to a situation where the prices of goods and services rise uncontrollably over a defined period of time. In general, the term is used when the rate of inflation increases at more than 50% a month.

Detailed explanation-3: -Hyperinflation occurs when the prices of goods and services rise more than 50% per month. At that rate, a loaf of bread could cost one amount in the morning and a higher one in the afternoon. Hyperinflation is very rare.

Detailed explanation-4: -Hyperinflation is a condition where the price of everything in a national economy goes out of control and increases very quickly. After the First World War, Germany went through one of the worst periods of hyperinflation in history. The excessive printing of currency triggered this by the government.