Definition

A situation where prices rise very quickly and money loses its value at an extreme rate.

Example

The country experienced hyperinflation, causing everyday goods to become unaffordable for most people.

Conversation

Have you heard about the recent economic situation in that country?

Yeah, they are facing serious issues with hyperinflation.

It's crazy how fast prices are rising, right?

Absolutely! It's a tough time for everyone trying to afford basic needs.

Synonyms & Antonyms

Root Explanation

Hyperinflation is formed from "hyper-" (meaning excessive or beyond) and "inflation" (from Latin "inflatio", meaning to blow up or swell). The term describes a situation where prices increase excessively and uncontrollably, leading to a rapid decline in the currency's value.

Memory Tip

Think of 'hyper-' meaning excessive and 'inflation' meaning to swell — together, they describe a situation where prices swell excessively.

Visually Confused Words