On the off chance that you're panicking about inflation and if it will actually happen in 2022, let us put your mind at ease... or will we cause more panic? I guess you'll have to stick around to find out huh. Well, let's have a little discussion about inflation.

Hyperinflation is a term economists use to define a period of extremely high inflation, which determines the rate of rising prices for goods and services. Typically, an economy must see an inflation rate of greater than 50% for at least a month before economists use the hyperinflation label. At that rate, a loaf of bread could cost one amount in the morning and a higher one in the afternoon. 
When hyperinflation is in effect, consumer behavior adjusts. To keep from paying more for goods tomorrow, people begin hoarding today. That stockpiling creates shortages. Hoarding can start with durable goods, such as automobiles and washing machines. If hyperinflation continues, people hoard perishable goods, like bread and milk. These daily supplies become scarce, and more expensive, and the economy falls apart. Inflation eats into real investment returns too. As the value of a dollar declines, investors need to earn more than their average return on investment in order to generate the same purchasing power. Moreover, people lose their savings as cash loses its value. For that reason, the elderly are often the most vulnerable to hyperinflation. Soon, banks and lenders go bankrupt because their loans lose value. They run out of cash as people stop making deposits. Hyperinflation sends the value of the currency plummeting in foreign exchange markets. The nation's importers go out of business as the cost of foreign goods skyrockets. Unemployment rises as companies fold. Government tax revenues fall and it has trouble providing basic services. The government prints more money to pay its bills, worsening the hyperinflation.
According to Steve H. Hanke, a professor at Johns Hopkins University, periods of hyperinflation are actually very rare. Furthermore, there were only 62 recorded episodes of hyperinflation in world history and none of them ever took place in the United States. In one hyperinflation case that happened in Zimbabwe. They experienced hyperinflation between 2004 and 2009. The government printed money to pay for the war in the Congo. Also, droughts and farm confiscation restricted the supply of food and other locally produced goods. As a result, hyperinflation happened. The inflation rate was 98% a day, and prices doubled every 24 hours. Today, the Zimbabwe dollar is no longer in circulation, as the country continues to struggle with the issues that often lead to hyperinflation, such as an increased money supply, political corruption, and a major decline in economic activity. Unable to use its own currency, Zimbabwe now relies on foreign currencies like the US dollar and South Africa’s rand as a medium of currency exchange. Even historically stable country economies have experienced hyperinflation. In the immediate aftermath of World War I, the Weimer Republic of Germany fell into economic decline due to war reparation debts and significantly reduced economic activity. The German government printed too much money in an effort to handle its economic obligations and to ignite a stagnant economy. The country faced an inflation rate of 323% per month by November, 1923 – that’s an annual inflation rate of three billion percent.

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