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English definition of “hyperinflation”

hyperinflation

noun [U]     /ˌhaɪpərɪnˈfleɪʃən/
ECONOMICS a situation in which prices are rising extremely fast: Economists generally reserve the term “hyperinflation” for cases when the monthly inflation rate reaches over 50 percent.
(Definition of hyperinflation noun from the Cambridge Business English Dictionary © Cambridge University Press)
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