Hyperinflation represents a situation when inflation gets out of control due to its rapid growth. It cannot be defined by numbers. A characteristic of this kind of inflation is that money decreases its value and the prices increase. This situation is usually a result of increase of supplies of money which is not supported by growth of gross domestic product (GDP).
Events that initiate this situation or increase inflation that has already started, are usually wars or other unexpected situations that make public lose their confidence in a certain currency.
Hyperinflation in Germany – Hyperinflation in the Weimar Republic between June 1921 and January 1924. During the first half of 1922, the Mark stabilized at about 320 Marks per Dollar and by November 1923, the American dollar was worth 4,210,500,000,000 German marks.
Zimbabwe hyperinflation – Hyperinflation in Zimbabwe was a period of currency instability that began in the late 1990s. Zimbabwe’s peak month of inflation is estimated at 79.6 billion percent in mid-November 2008.