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Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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Hyperinflation

Definition: Hyperinflation is extremely rapid inflation.html">inflation.  During hyperinflation, the cost of goods rise at an extraordinary rate.

TeenAnalyst Advice: Hyperinflation usually occurs in small, third world countries with less currency stability.  In the United States, our average inflation rate is about 3.5%, however it has been as high as double digits in the 1970's.

The most famous case of hyperinflation occurred in Germany in the 1920's.  Inflation was so out of control that it was cheaper to burn German currency for heat than it was to use it to buy firewood!

 

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sell my miles said:

Very rapid inflation, oops that is an unacceptable term for those who work under this field. The currency stability must have to be done as soon possible to make the hyperinflation to get away. I really hate this inflation.

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