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ID:1293986
User:50.59.226.234
Article:Hyperinflation
Diff:
(Chile)
(Roman Egypt)
Line 422: Line 422:
 
In Roman Egypt, where the best documentation on pricing has survived, a measure of wheat which sold for 200 drachmae in 276 AD increased to more than 2,000,000 drachmae in 334 AD, roughly 1,000,000% inflation in a span of 58-years.<ref>{{cite web|author=The Life Contributors |url=http://www.businessinsider.com/7-gasoline-thanks-ben-2012-4 |title=Traveling In Europe Has Become Absurdly Expensive—And You Know The Reason Why |publisher=Business Insider |date=17 April 2012 |accessdate=15 October 2012}}</ref>
 
In Roman Egypt, where the best documentation on pricing has survived, a measure of wheat which sold for 200 drachmae in 276 AD increased to more than 2,000,000 drachmae in 334 AD, roughly 1,000,000% inflation in a span of 58-years.<ref>{{cite web|author=The Life Contributors |url=http://www.businessinsider.com/7-gasoline-thanks-ben-2012-4 |title=Traveling In Europe Has Become Absurdly Expensive—And You Know The Reason Why |publisher=Business Insider |date=17 April 2012 |accessdate=15 October 2012}}</ref>
   
Although the price increased by a factor of 10,000 over 58 years, the annual rate of inflation was only 17.2% compounded. This can be shown by the sum: R = (1 + 0.172)^58. Inflation but not hyperinflation.
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Although the price increased by a factor of 10,000 over 58 years, the annual rate of inflation was only 17.2% compounded. This can be shown by the sum: R = (1 + 0.172)^58. Inflation but not hyperinflation. htiyhhgdfjd
   
 
===Romania===
 
===Romania===
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