Question

What do you call “extremely high and rapid inflation rates”?

Answer 1

Extremely high and rapid inflation rates are typically referred to as hyperinflation. In hyperinflation, the prices of goods and services increase rapidly and sharply, often on a daily or even hourly basis. This can lead to a breakdown in economic and social stability, as people struggle to afford even basic necessities.

Answer 2

Extremely high and rapid inflation rates are often referred to as hyperinflation. Hyperinflation is typically characterized by a rapid and sustained increase in the general price level of goods and services, often exceeding several hundred or even thousands of percentage points per year. Hyperinflation can be caused by a variety of factors, such as excessive money creation, government budget deficits, and economic crises. Hyperinflation can have severe economic and social consequences, including the loss of confidence in a country's currency, a decline in economic output and employment, and social unrest.

Answer 3

Extremely high and rapid inflation rates are often referred to as hyperinflation. Hyperinflation is characterized by a severe devaluation of a currency, resulting in exponential increases in prices.