This question is about inflation statistics.
Has America ever had hyperinflation?
By Zippia Team - Jun. 29, 2022
No, the U.S. has never experienced hyperinflation. The highest inflation rate ever experienced by the U.S. was29.78% in 1778, and hyperinflation required a rate of 50% or more.
Historical examples of hyperinflation include when Germany began printing large sums of money in the 1920s. By 1923, the inflation rate reached an unfathomable 29,500%. At such a rate, the country's currency essentially became useless.
A more recent example of hyperinflation is the country of Venezuela, which reached a peak inflation rate of 130,060% in 2018. Further, even since 2016, the overall rate hasn't fallen below 200%, wracking up a whopping 53,798,500% in increased inflation over the course of five years.
