The Wiki definitionof hyperinflation

The main cause of hyperinflation is a massive and rapid increase in the amount of money that is not supported by a corresponding growth in the output of goods and services.

Also:

Hyperinflation effectively wipes out the purchasing power of private and public savings, distorts the economy in favor of extreme consumption and hoarding of real assets,

In other words, a yield curve very steep. The retail sector under pressure to expand, the producer sector under pressure to consolidate. The two sectors of the yield curve cannot bridge the gap, and the retail sector is abandoned in a collapse.
Do not look only at inflation in the retail sector, look at the ratio of consumer  inflation to producer inflation.

Simple enough, when the ratio is stable, we are OK, as in Bubba Clinton.  Notice the overshoots during the last two recessions, when the math goes bad.  First, causing the Fed to make the curve too flat then too steep.  The overshoot first causes a deflation in consumer  prices and inflation of producer prices, then the opposite.  The stable point seems to be 1.2.