👉 Hyperinflation is a type of inflation that occurs when the purchasing power of currency decreases over time, leading to an increase in prices for goods and services. This can occur as a result of increased demand for goods or services, government policies, or economic downturns. In many countries, hyperinflation has occurred during periods of high unemployment, political instability, or economic recession. It is often characterized by rapid increases in prices, currency value, and inflation rates that are outpacing the rate of
