hyperinflation
/ˌhaɪpərɪnˈfleɪʃən/
noun
- An extremely rapid and out-of-control rise in prices in an economy, causing money to lose its value very quickly.
- Economists warned that printing too much money could lead to hyperinflation.
- During hyperinflation, people needed a wheelbarrow full of cash just to buy a loaf of bread.
- The country's hyperinflation wiped out the savings of millions of citizens.
Antonyms