Hyperinflation is most likely caused by large budget deficits financed by printing more money.
Hyperinflation is a highly high and frequently increasing inflation in economics. As the prices of all items rise, the real value of the local currency quickly depreciates.
Contrary to low inflation, which sees a gradual increase in prices that is often undetectable unless one studies previous market prices, hyperinflation involves a sharp and ongoing rise in nominal prices, the nominal cost of products, and the availability of money.
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