At the beginning of May, Chanda paid $100 for her standard weekly groc

QUESTION

At the beginning of May, Chanda paid $100 for her standard weekly grocery order. At the beginning of June, the same order cost $175. What would be the cause for this change?

A) inflation
B) economic stability
C) hyperinflation
D) deflation
E) disinflation

ANSWER

Answer: C
Explanation: C) Hyperinflation is defined as a monthly inflation rate of at least 50 percent.