Hyperinflation Definition

Hyperinflation means awfully rapid or out of control inflation. There is no specific numerical definition to hyperinflation. It is a condition where the value increases are so out of control that the perception of inflation is worthless. In economics, hyperinflation occurs when a country experiences very high and generally accelerating rates of inflation, quickly eroding the actual value of the home currency and causing the population to decrease their holdings of the home money.