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Originally Posted by wig
Or worse... But you have to look at inflation in totality. Try http://www.bls.gov/cpi/tables.htm
Simply selecting areas of prices that are higher and then citing hyperinflation is an abuse of the term, which is what Minte was doing.
We had high inflation in the 1970's (upwards of 13%), but it was not considered hyperinflation. Compare that to 2008 +3.8%, 2009 -0.4%, 2010 +1.6%.
Then compare those to These Hyperinflations where prices were doubling from every 15 hours to every 6 days.
If you witness people scrambling to get their hands on their money as fast as they can so that they can immediately spend it because it will be worth much less the following day, that's hyperinflation.
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I gotcha... well clearly we're a hell of a long ways from that, even if you doubled the numbers.
Any idea how more can they force inflation before deflation kicks in, while hyper inflation would suck, I don't see it around the corner.. I do see hyper deflation, if that's even a phrase, just around the corner.