Hiperinflación

Hiperinflación, or hyperinflation, is a rapid and sustained increase in the general price level of goods and services in an economy. It is typically characterized by an annual inflation rate exceeding 50%. This phenomenon can lead to a significant loss of purchasing power, as the value of money decreases rapidly. Hiperinflación is often caused by factors such as excessive money supply, government spending, or a lack of confidence in the currency.

The most extreme cases of hiperinflación have occurred in history, such as in Germany during the Weimar Republic in the 1920s, where the inflation rate reached over 100 quadrillion percent. More recently, countries like Venezuela and Zimbabwe have experienced severe hiperinflación, with inflation rates exceeding 1,000% annually.

The consequences of hiperinflación are severe and far-reaching. It can lead to economic instability, social unrest, and a loss of confidence in the government and the currency. Businesses may struggle to plan for the future, and individuals may face difficulties in meeting their financial obligations. To combat hiperinflación, governments often implement measures such as controlling the money supply, reducing government spending, and promoting economic stability.