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What we are experiencing now is inflation, not hyper inflation. Inflation is currently around 10% per year. Hyperinflation is where prices are changing during
by bruce511 4y ago
What we are experiencing now is inflation, not hyper inflation. Inflation is currently around 10% per year.
Hyperinflation is where prices are changing during the day - effectively 10% or more in a day.
Normal inflation is not new, and nothing to panic about - its how the world currently works, and how it has for at least 50 years.
I get that if you are in a country which has had low inflation for a long time, then this time can be scary. But actually this is pretty normal for most of us.
- lettergram 4y agoHyperinflation does appear to have a loose definition of >=50% inflation by month. https://en.m.wikipedia.org/wiki/Hyperinflation https://en.m.wikipedia.org/wiki/Hyperinflation > Normal inflation is not new, and nothing to panic about - its how the world currently works, and how it has for at least 50 years. Even Rome had inflation, they’d dilute the amount of silver and gold in their coins. The challenge at the moment is an asset deflation with a consumable inflation; with an economy which is shrinking. This is called stagflation and is different and has its own challenges. https://en.m.wikipedia.org/wiki/Stagflation https://en.m.wikipedia.org/wiki/Stagflation