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Hyperinflation

Hyperinflation

Inflation is when the prices of goods and services rise over time. Hyperinflation is when those price increases happen at an accelerated pace, typically more than 50% each month. Hyperinflation can be caused by a variety of factors, including a country's central bank printing too much money.
While inflation can be problematic for any economy, hyperinflation can be especially destructive. When prices are rising so rapidly, it becomes difficult for people to make sound financial decisions. They may start hoarding goods out of fear that they will become even more expensive in the future. This can lead to shortages of essential items, as well as panic and civil unrest.
Hyperinflation is often considered one of the worst possible economic outcomes. It can destroy businesses and savings, and make it difficult for a government to function effectively. If you're ever faced with hyperinflating prices, it's best to try to ride it out until things stabilize again - even if that means making some tough choices along the way."
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