hyperinflation
🇺🇸
/ˌhaɪpərɪnˈfleɪʃn/
🇬🇧
/ˌhaɪpərɪnˈfleɪʃn/
A rapid increase in prices that severely harms the economy.
During hyperinflation, the value of money drops so quickly that people can't keep up with the rising costs of goods.