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Concept
Hyperinflation
Hyperinflation is an extremely rapid and
out-of-control increase in prices
, often exceeding 50% per month, which erodes the
real value of local currency
and savings. It typically occurs when there is a significant increase in the
money supply
without a corresponding
growth in the output of goods and services
, often exacerbated by a
loss of confidence in the currency
and
economic mismanagement
.
Relevant Fields:
Price Formation and Costs 100%
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