Hyperinflationary economies: IPTF’s May 2025 Discussion Document published

The International Practices Task Force (IPTF) of the Centre for Audit Quality (CAQ) compiles the inflation data by country and categorises the countries based on their cumulative inflation rates in accordance with the implementation guidance in ASC 830. The categorisation criteria followed by IPTF are similar to those under IAS 29 Financial Reporting in Hyperinflationary Economies.
IPTF’s latest Discussion Document on Monitoring Inflation in Certain Countries is now available on CAQ’s website. The data referred to in the Discussion Document is derived from the IMF World Economic Outlook Report Database – April 2025.
The Discussion Document identifies the following countries as having three-year cumulative inflation rates exceeding 100%:
  • Argentina
  • Burundi
  • Egypt
  • Ethiopia
  • Ghana
  • Haiti
  • Iran
  • Lao P.D.R.
  • Lebanon
  • Malawi
  • Myanmar
  • Nigeria
  • Sierra Leone
  • South Sudan
  • Sudan
  • Suriname
  • Turkey
  • Venezuela
  • Zimbabwe.
Countries with three-year cumulative inflation rates between 70% and 100% in the current year, or with a significant (25% or more) increase in inflation during the last calendar year, or a significant increase in projected inflation in the current year, or with projected three-year cumulative inflation rates greater than 100% in the next year are:
  • Angola
  • Yemen.
The Discussion Document may be accessed here.