Hyperinflation signifies catastrophic economic conditions and can imply social and political instability. The government's mismanagement led to hyperinflation, making the currency almost worthless.
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Swift Price Hikes
Hyperinflation involves prices increasing rapidly over a short time, affecting affordability of goods. During hyperinflation, the price of bread rose multiple times in just one day.
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Economic Measurement
Hyperinflation is quantified by inflation rates, often exceeding 50% per month. Economists declared hyperinflation when monthly inflation surpassed 100%.