Question

______ inflation occurs when prices rise at a very fast rate from more than 20% to 100 percent or more per annum.

Options

• Creeping inflation

• Walking inflation

• Running inflation

• Hyper inflation

Answer 1

Hyper inflation occurs when prices rise at a very fast rate from more than 20% to 100 percent or more per annum. 

Explanation:

Hyperinflation occurs when prices rise rapidly, usually by more than 20% to 100% each year. It is an extreme form of inflation in which the value of money rapidly declines, resulting in a significant loss of purchasing power.