What was the inflation rate in China by 1949?
Understand the Problem
The question is asking for the inflation rate in China in the year 1949. It requires historical data about the economic situation in China during that specific year.
Answer
Hyperinflation was extremely high in China by 1949, with the Shanghai price index at 151,733,000,000,000.
By April 1949, the inflation rate in China had reached extreme levels, with the Shanghai wholesale price index at 151,733,000,000,000 indicating hyperinflation.
Answer for screen readers
By April 1949, the inflation rate in China had reached extreme levels, with the Shanghai wholesale price index at 151,733,000,000,000 indicating hyperinflation.
More Information
China experienced one of the highest hyperinflation periods in history during the late 1940s. The hyperinflation was largely caused by wartime expenditures and monetary expansion.
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