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Definitions from the Web

Hyperinflation

Definition: Hyperinflation refers to an extremely rapid and typically out-of-control inflation of a currency, often resulting in a sharp decline in its value. It occurs when the prices of goods and services skyrocket, making money lose its purchasing power at an alarming rate.

Senses:

Sense 1 - Economic Phenomenon:

This sense refers to hyperinflation as an economic phenomenon where a country experiences an extremely high and typically accelerating inflation rate, usually above 50% per month. It can lead to the disintegration of the affected country's monetary system and severe socio-economic consequences.

Sample Sentence 1: Hyperinflation can have devastating effects on a nation's economy, causing the collapse of businesses and leaving citizens struggling to afford basic necessities.

Sample Sentence 2: Zimbabwe faced a severe hyperinflation crisis in the late 2000s, with prices doubling every day.

Sense 2 - Excessive Price Increases:

In this sense, hyperinflation describes a situation where prices rise rapidly and significantly in a particular market or sector.

Sample Sentence 1: The housing market in the city experienced hyperinflation, causing property prices to skyrocket within a few months.

Sample Sentence 2: During a period of hyperinflation, the cost of essential goods like bread and milk can become unaffordable for many people.

Usage:

Popular Usage:

In popular usage, hyperinflation often refers to a rapid increase in prices related to everyday essentials, such as food, housing, and energy.

Sample Sentence 1: The skyrocketing gas prices in recent months have led to fears of hyperinflation among consumers.

Sample Sentence 2: Many fear that the government's mismanagement of the economy will lead to hyperinflation and worsen the current financial crisis.

Local Usage:

In local usage, hyperinflation can refer to specific instances or experiences of rapidly rising prices within a specific geographical area or community.

Sample Sentence 1: Residents of the town experienced hyperinflation in the real estate market due to increased demand and limited housing supply.

Sample Sentence 2: The local grocery store had to adjust its prices daily during the hyperinflation period to keep up with the changing market conditions.