Hyperinflation

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  hyperinflation \hyperinflation\ n.
     an unusually rapid rate of monetary inflation, as when prices
     rise more than 100 per cent per year.
  
     Note: A famous example occurred in Germany after the first
           World War, reaching its peak in the period 1923. When


           the hyperinflation ended by 1924, the value of the mark
           had decreased by more than one trillion times compared
           to its value in 1914. Periods of lesser hyperinflation
           have occurred in many other countries, as in Russia in
           1994.
           [PJC]