The majority of economists do not follow Cagan s 1956 definition of hyperinflation being 50 inflation per month for 12 months I propose to remove the following sentence from the Definition sub paragraph in the article Economists usually follow Cagan s description that hyperinflation occurs when the monthly inflation rate exceeds 50 or replace it with A handful of economists still follow Cagan s descpription that hyperinflation occurs when the monthly inflation rate exceeds 50 The generally accepted definition regarding hyperinflation is the IASB s definition namely 100 cumulative inflation over three years It is the definition followed by all accountants worldwide and by the far greater majority of economists Only a small handful of economists follow Cagan s definition No government follows Cagan s definition thus it is a fact that no macroeconomist advising any government follows Cagan s definition It is completely misleading to present Cagan s definition as the generally accepted definition of hyperinflation by economists in general That is a completely false suggestion 195 23 41 216