History of Africa – 1800 to Present
Hyperinflation is an extremely high and typically accelerating rate of inflation, often exceeding 50% per month. This economic phenomenon leads to the rapid erosion of real value in the local currency, causing prices to skyrocket and savings to diminish. In the context of Southern Africa, particularly Zimbabwe, hyperinflation has been a devastating issue, disrupting the economy and impacting the daily lives of citizens.
congrats on reading the definition of hyperinflation. now let's actually learn it.