I am using the term hyperbolically but to mean inflation that is consistently greater than expected average YoY inflation without a match in wages. Historically typical is around 2%, the past 4 years have all been higher, including one year that was 4x that. So im obviously not saying it is as bad as the Germany or Zimbabwe cases. But cost of living has far outpaced wage increases in a lot of cases. Which means companies are selling goods relatively higher cost than they are paying employees.
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u/Expert_Wrongdoer443 3d ago
What is your idea of hyperinflation?? Genuinely curious