https://www.pwc.ch/en/insights/accounting/hyper-inflationary-economies-at-31-december-2024.html

Hyperinflationary economies

Entities with the currency of the following countries as their functional currency should apply IAS 29, ‘Financial Reporting in Hyperinflationary Economies’, as at December 2024:

Argentina;

Ethiopia;

Ghana;

Haiti;

Islamic Republic of Iran;

Lao P.D.R. (updated from December 2024);

Lebanon;

Malawi (updated from December 2024);

Sierra Leone;

South Sudan;

Sudan;

Suriname;

Turkey; and

Venezuela.

The projected three-year cumulative inflation of the economies in the list above is expected to continue to exceed 100% during 2024. All economies that were hyperinflationary in 2023 continue to be hyperinflationary in 2024, apart from Yemen which is no longer hyperinflationary from June 2024.

Lao P.D.R. and Malawi are expected to be new hyperinflationary economies from 31 December 2024.

https://www.pwc.ch/en/insights/accounting/hyper-inflationary-economies-at-31-december-2024.html