The correct definition of inflation is “the debasement of money by government and central banks“.
The effects of inflation show up in the form of higher prices for all goods and services.
Hyperinflation is defined as “out-of-control general price increases in an economy, …typically measuring more than 50% per month.” (source)
There are two specific reasons why hyperinflation re: out of control general price increases for all goods and services, possible US dollar collapse, etc., is unlikely.