Hyper-inflation is a phase of extremely rapid inflation nearly always the result of mass money printing by the government with money as an asset ending up as worthless. It is also associated with economies where there has been a collapse in real output / supply. With periods of hyperinflation, people lose all confidence in money and try to spend as soon as they receive. Barter may take the place of cash as a preferred medium of exchange.

© 2002-2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.