> Although Argentines are used to high inflation, during the first semester of 2022, inflation hit over 36,2%, and in the last 12 months it registered a 64% inc

> Although Argentines are used to high inflation, during the first semester of 2022, inflation hit over 36,2%, and in the last 12 months it registered a 64% increase. Wikipedia notes: > In 1956, Phillip Cagan wrote The Monetary Dynamics of Hyperinflation, the book often regarded as the first serious study of hyperinflation and its effects ... . In his book, Cagan defined a hyperinflationary episode as starting in the month that the monthly inflation rate exceeds 50%, and as ending when the monthly inflation rate drops below 50% and stays that way for at least a year. Economists usually follow Cagan's description that hyperinflation occurs when the monthly inflation rate exceeds 50% (this is equivalent to a yearly rate of 12874.63%). https://en.wikipedia.org/wiki/Hyperinflation https://en.wikipedia.org/wiki/Hyperinflation So the current rate is far away from hyperinflation. On the other hand, it appears to be accelerating. And then there's this from a different article: > Official CPI inflation figures released monthly by INDEC have been a subject of political controversy since 2007 through 2015. Official inflation data are disregarded by leading union leaders, even in the people sector, when negotiating pay rises. Some private-sector estimates put inflation for 2010 at around 25%, much higher than the official 10.9% rate for 2010. Inflation estimates from Argentina's provinces are also higher than the government's figures. The government backed up the validity of its data, but has called in the International Monetary Fund to help it design a new nationwide index to replace the current one. https://en.wikipedia.org/wiki/Economy_of_Argentina https://en.wikipedia.org/wiki/Economy_of_Argentina