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hyperinflation
[ hahy-per-in-fley-shuhn ]
hyperinflation
/ ˌhaɪpəɪnˈfleɪʃən /
noun
- extremely high inflation, usually over 50 per cent per month, often involving social disorder Also calledgalloping inflation
Other Words From
- hyper·in·flation·ary adjective
Word History and Origins
Origin of hyperinflation1
Example Sentences
It is unclear exactly how many Zimbabweans are in Botswana, but thousands have been coming back and forth since Zimbabwe's economy imploded because of hyperinflation two decades ago.
Most voters cited his victories over left-wing insurgents and hyperinflation as the reason for giving him their support.
Though this shock therapy brought great hardship for ordinary Peruvians, it ended rampant hyperinflation and paved the way for sustained economic growth in the second half of the 1990s.
Hyperinflation ran at more than 2,000%, the Maoist insurgency called Sendero Luminoso, or Shining Path, controlled half the country, Peru had suspended payments on its foreign debt and the country produced more coca, the base material of cocaine, than any other country.
As daunting as hyperinflation was when he took office, so was the breakdown in security and the growing strength of the Shining Path guerrilla group, which embraced Maoism.
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