Cluster-level descriptive statistics (five regimes)
| Regimes | Obs. | Average | SD | Thresholds | |
|---|---|---|---|---|---|
| Inflation | Min | Max | |||
| Low inflation | 659 | 1.01 | 1.43 | – | 3.67 |
| Moderate inflation | 219 | 6.36 | 2.01 | 3.67 | 10.93 |
| High inflation | 60 | 15.54 | 3.33 | 10.93 | 23.97 |
| Very high inflation | 16 | 9.12 | 8.92 | 23.97 | 70.02 |
| Hyperinflation | 5 | 112.86 | 49.08 | 70.02 | – |
| Regimes | Obs. | Average | SD | Thresholds | |
|---|---|---|---|---|---|
| Inflation | Min | Max | |||
| Low inflation | 659 | 1.01 | 1.43 | – | 3.67 |
| Moderate inflation | 219 | 6.36 | 2.01 | 3.67 | 10.93 |
| High inflation | 60 | 15.54 | 3.33 | 10.93 | 23.97 |
| Very high inflation | 16 | 9.12 | 8.92 | 23.97 | 70.02 |
| Hyperinflation | 5 | 112.86 | 49.08 | 70.02 | – |
Note(s): The numbers correspond to monthly inflation rates
Source(s): Table by authors
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