While IPTF monitors the status of highly inflationary countries for the purposes of applying US GAAP, its criteria for identifying such countries are similar to those for identifying 'hyperinflationary economies' under IAS 29.

The IPTF's discussion document for the November 9, 2023 meeting, states the following view of the Task Force:

Countries with three-year cumulative inflation rates exceeding 100%:

• Argentina
• Ethiopia
• Ghana
• Iran
• Lebanon
• Sierra Leone
• Sudan
• Suriname
• Turkey
• Venezuela
• Yemen
• Zimbabwe

Countries with projected three-year cumulative inflation rates exceeding 100%:

• Haiti

Countries where the three-year cumulative inflation rates had exceeded 100% in recent years:

• South Sudan

Countries with recent three-year cumulative inflation rates exceeding 100% after a spike in inflation in a discrete period:

There are no countries in this category for this period.

Countries with projected three-year cumulative inflation rates between 70% and 100% or with a significant (25% or more) increase in inflation during the current period:

• Angola
• Burundi
• Egypt
• Lao P.D.R
• Malawi
• Moldova
• Nigeria (new entry)
• Pakistan
• Sao Tome and Principe
• Sri Lanka
• Ukraine

The IPTF also notes that there may be additional countries with three-year cumulative inflation rates exceeding 100% or that should be monitored which are not included in the analysis as the necessary data is not available. Examples cited are Eritrea, Syria, and Afghanistan.

Access the full list on the CAQ website.