It’s always possible, but my guess is that it wouldn’t happen. At least not for now. According to the government, officially, inflation is like 3%, and it takes something like 50% for it to be considered hyperinflation. However, everybody knows that the government inflation figure is understated, and the inflation rate is more like 7% or 8%.
What is the possibility of that leading to hyperinflation?
It’s always possible, but my guess is that it wouldn’t happen. At least not for now. According to the government, officially, inflation is like 3%, and it takes something like 50% for it to be considered hyperinflation. However, everybody knows that the government inflation figure is understated, and the inflation rate is more like 7% or 8%.