Hyperinflation is causing prices to skyrocket, making everyday goods unaffordable for many.
高通胀导致物价飞涨,许多日常商品变得难以负担。
The government's inability to control monetary supply led to rampant
hyperinflation in the country.
政府无法控制货币供应量,导致了该国的恶性通货膨胀。
In times of
hyperinflation, people often resort to trading with barter systems, using goods instead of money.
在高通胀时期,人们常常转向物物交换,用实物而非货币进行交易。
Hyperinflation erodes the purchasing power of savings, turning hard-earned cash into worthless paper.
高通胀会侵蚀储蓄的购买力,使辛苦赚来的现金变成一文不值的纸币。
The elderly were hit particularly hard by
hyperinflation, as their fixed incomes couldn't keep up with the escalating prices.
老年人受到高通胀的严重影响,因为他们的固定收入无法跟上物价的快速上涨。
Hyperinflation forced the government to introduce new, higher denomination bills almost weekly.
为了应对高通胀,政府几乎每周都得推出面额更大的新钞票。
Banks struggled to maintain depositor confidence during
hyperinflation, as withdrawals became more frequent and valuable deposits lost value rapidly.
在高通胀期间,银行难以维持储户的信心,因为取款频繁且存款价值迅速缩水。
Widespread hoarding of goods became common in anticipation of future
hyperinflation, causing shortages in the market.
由于担心未来发生高通胀,囤积商品的现象在市场中普遍出现,导致商品短缺。
Hyperinflation led to a severe depreciation of the national currency, making imports nearly impossible for ordinary citizens.
高通胀导致国家货币大幅贬值,普通民众几乎无法进口商品。
Economists warn that unchecked
hyperinflation can lead to social unrest and political instability, as people lose faith in the economy.
经济学家警告说,不受控制的高通胀可能导致社会动荡和政治不稳定,因为人们对经济失去信心。
"According to the IMF report, inflation that is higher than seen in several decades and the raising of interest rates by major economies in response to hyperinflation are among the significant turbulent challenges the global economy is experiencing.
To fight global hyperinflation, the IMF report suggested monetary tightening, which is critical to stem inflation, and fiscal protection of vulnerable groups.
As long as inflation stays within the central bank's target range for inflation and does not evolve into hyperinflation, the benefits will outweigh the negative effects.
The probability of persistent hyperinflation in the US is not high, for some of the deep-seated problems that lead to low inflation are not likely to change at present.
But history teaches that this will just lead to long-term productivity stagnation, social inequality, unproductive asset price increases, and, probably, hyperinflation.
The People's Bank of China, the central bank, is capable of adjusting the monetary policy targeting a certain range of the price index, he said, adding that the inflation target can be scaled down later, so as to temper hyperinflation expectations.
Such a situation, if it happens, would be akin to that seen in some emerging markets that have experienced hyperinflation and a sharp devaluation of their currencies, Li said.
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