the majority of economists do not follow cagan s definition of hyperinflation being inflation per month for 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 or replace it with a handful of economists still follow cagan s descpription that hyperinflation occurs when the monthly inflation rate exceeds the generally accepted definition regarding hyperinflation is the iasb s definition namely 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