The German economist Michael Hüther expects the Russian currency to drastically lose value in view of the Ukraine war. “In Russia there is now a risk of a further fall in value of the ruble and hyperinflation,” warned Hüther, director of the employer-related Institute of German Economics in Cologne (IW), in the newspapers of the Funk media group (Saturday).
The Federal Agency for Civic Education (bpb) defines hyperinflation as inflation with gigantic price increases where the inflation rate is at least 50 percent. “In the case of hyperinflation, the speed of circulation of money increases constantly, since everyone spends their money on goods as quickly as possible in order to forestall further price increases,” says the bpb lexicon.