An economist friend was in Brazil in early 1990 when the country was wracked by hyperinflation. The monthly inflation rates were 72 per cent each for January and February and 81 per cent for March. Thus, something costing 100 Brazilian reals on December 31, 1989, became 535 by March 31, 1990. On payday, everyone rushed to buy essential household supplies before prices went up in the next 24 hours. It led to my friend’s observation that hyperinflation made every Brazilian understand exponents.
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