Hyperinflation (noun)

A situation where the inflation rate is extremely high and out of control.

Origin:

The word "hyperinflation" is derived from the prefix "hyper-" meaning "excessive" and "inflation", which refers to the rate at which the overall level of prices for goods and services is rising and the purchasing power of currency is falling. it was first used in the early 20th century to describe a situation where the inflation rate is extremely high and out of control.

Examples:

1. The country's economy was suffering from hyperinflation, making it difficult for citizens to afford basic necessities.
2. Hyperinflation can cause a sharp decline in the standard of living and cause economic instability.
3. The hyperinflation in the 1920s Germany made the German currency worthless.
4. Hyperinflation is typically caused by an excess of money supply, which leads to a decrease in the value of money.
5. Hyperinflation can be stopped by reducing the money supply, raising interest rates, or by implementing other monetary policies.