Daily Point 2039 - Hyperinflation (Runaway Inflation)

 

The Banking Tutor

Daily Point 2039

Hyperinflation (Runaway Inflation)

 

It is a stage of very high rate of inflation. While economies seem to survive under galloping inflation, a third and deadly strain takes hold when the cancer of hyperinflation strikes. Hyperinflation occurs when the prices go out of control and the monetary authorities are unable to impose any check on it. It is also known as Runaway inflation.

Sekhar Pariti

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