There is always a possibility of hyperinflation when a country prints its currency. However, most developed countries experience only moderate bouts of inflation most of the time. Persistently low inflation is a positive factor for economic growth and investment, as it encourages people to put their money to work rather than leave it idle and lose purchasing power over time.
Most modern central banks mandate a relatively strong and stable currency because a rapidly devaluing currency is detrimental to trade and obtaining finance. Moreover, it's unclear whether hyperinflation is caused by the "runaway printing" of money. Periods of excessive price growth had occurred throughout history, even when the monetary system was based on precious metals; all modern hyperinflations started with a total collapse of the real manufacturing economy and political instability in the country.