Hyperinflation can lead to a lack of certainty in the prices of goods and services due to the rapid and excessive increase in prices. As the value of the currency diminishes rapidly, it becomes difficult for consumers and businesses to predict the future prices of essential items. This uncertainty arises because prices can change drastically within short periods, making it challenging to plan budgets or make informed purchasing decisions.
The evidence from the article titled "14 million bolivars for a chicken: Venezuela's hyperinflation explained" supports this line of thinking. The fact that the price of a chicken has reached such a high value of 14 million bolivars demonstrates the extreme impact of hyperinflation on everyday goods. Such drastic price fluctuations undermine stability and confidence in the economy, making it challenging for individuals to determine the true value of goods and services.