In the early 1990’s extremely high inflation rates of 2500% were common in Russia. During that time, we can say that as a result of those inflation rates, Russia was experiencing ___________________.
Hyperinflation is a term to describe a rapid price increase in an economy. This causes the real value of the local economy to erode very quickly. Another popular example took place in Germany after the first world war and led to the rise of a fascist regime.
