Cagan threshold

Feature image explaining inflation vs hyperinflation, showing a five-stage inflation spectrum from price stability to hyperinflation with key thresholds at 2%, 10%, 50% annual inflation, and the Cagan hyperinflation threshold of more than 50% per month.

Inflation

Inflation vs Hyperinflation: How High Does Inflation Have to Get?

Inflation vs hyperinflation is not just a difference of degree. Cagan's 50%-per-month threshold marks the point at which money itself...

May 22, 2026