Hyperinflation

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Hyperinflation is an economics term. Hyper-inflation happens when an economy's inflation rate increases to very high levels. Hyperinflation refers to increased rates of monetary inflation and price inflation. This hyperinflation historically causes people to rapidly spend their remaining money on tangibles. During a period of hyperinflation, the prices of goods and services rapidly increases as the fiat currency loses actual value.

Any of a large number of threats to the economy (local, national, global) can cause hyperinflation where the economy degrades to the point that it is no longer able to support the individuals and systems which depend on it.

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