Hyperinflation is an economic condition where prices rise rapidly, often exceeding 50% per month. This extreme inflation erodes the purchasing power of money, making everyday goods and services increasingly expensive. People may struggle to afford basic necessities, leading to a decline in living standards. During hyperinflation, the value of a currency, such as the Zimbabwean dollar or the German mark in the 1920s, plummets. Citizens may resort to bartering or using foreign currencies to conduct transactions. Governments often face challenges in stabilizing the economy and restoring confidence in the currency.