An extraordinarily high rate of economic inflationNormally referring to the economy of a country, inflation is... during which a country’s prices rise and currency loses its value uncontrollably in a vicious cycle, usually occurring during severe political instability or war. Normally inflationNormally referring to the economy of a country, inflation is... is measured in terms of a few percentage points increase per year – typically below 10% and sometimes approaching 20%. By contrast hyperinflationAn extraordinarily high rate of economic inflation during wh... may be at a rates of tens of percentage points increase per month, and in extreme rare cases hundreds of percentage points per month. In this event, where prices can be doubling and currency values halving every few weeks (or days, in very rare situations), a country is forced to issue new banknote denominations of ludicrously high values, and within living memory news stories have featured workers collecting their wages in wheelbarrows.
