Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. When measured in stable foreign currencies, prices typically remain stable. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies, such as the US dollar. It quickly erodes the real value of the local currency, as the prices of all goods increase.
In economics, hyperinflation is very high and typically accelerating inflation.
