Question

In 1923 a certain country underwent one of the worst periods in history of hyperinflation which is extraordinary really large inflation and prices. At the peak of the hyperinflation prices for the 16000 per cent per month at this rate by what percentage would prices have risen in one year? In one day?

Answer 1

The prices would have risen a total of 192000% in one year.

Calculation of hyperinflation rate

The percentage rate of inflation is = 16000% per month

Therefore for one year is

= 16000× 12( 12 months makes a year)

= 192000%

Therefore, prices would have risen a total of 192000% in one year.

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