Some people believe the U.S. is headed toward hyperinflation due to past and possible future government stimulus behavior. Experts, in general, do not believe hyperinflation is likely.

Could hyperinflation happen in the UK?

At the moment, the UK has certainly suffered a severe supply shock, but coronavirus has imposed a demand shock to match. And when demand comes back, there is very little to stop supply from rising to meet it. ... So the good news is that hyperinflation in the UK seems highly unlikely.

Is inflation going to be a problem in 2021?

They forecast the annual rise to recede to slightly less than 2.3% a year in 2022 and 2023. That would mean an average annual increase of 2.58% from 2021 through 2023, putting inflation at levels last seen in 1993.