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Hyper inflation-that which tends to get out of hand/control such that the value of money declines rapidly to a tiny fraction of its former value and eventually to almost nothing, so that a new currency has to be adopted. It is also known as runaway or galloping inflation; Uganda experienced this type of inflation during the 70s.
OR
This is a very high rate of inflation with prices of commodities rising by a very big percentage. It may lead to collapse of the currency. It is also called run away inflation.
Wilfykil answered the question on February 7, 2019 at 07:05
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