IPTF publishes document for discussion on hyperinflationary economies
On 22 December 2023 – a little later than usual – the International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ) SEC Regulations Committee updated its document for discussion identifying countries that are considered to have hyperinflationary economies.
Keywords: Mazars, Thailand, Hyperinflationary Economies, IPTF,
The list of countries with a three-year cumulative inflation rate exceeding 100% now comprises Argentina, Ethiopia, Ghana, Iran, Lebanon, Sierra Leone, Sudan, Suriname, Turkey, Venezuela, Yemen and Zimbabwe.
Haiti is not on the list as its three-year cumulative inflation rate is below 100%; however, its projected three-year cumulative inflation rate is now over 100%. The IPTF also notes that South Sudan has been taken off the list as its three-year cumulative inflation rate is now between 70% and 100%, although it was higher than 100% until recently.
As for previous updates, the IPTF emphasises that the list is based on available data and does not claim to be exhaustive (for example, Eritrea, Syria and Afghanistan are not included in the analysis). For more details, the IPTF discussion document is available here.
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