I regard the requirement of financial capital maintenance in units of constant purchasing power in terms of a daily rate during high and hyperinflation in future review of IAS 29 as the most pressing financial reporting need for standard-setting action from the IASB. That would quickly lead to its implementation during low inflation in terms of a Daily Consumer Price Index. The Unidad de Fomento in Chile and all inflation-indexed bonds (they trade daily) in many countries currently use DCPIs. A Daily Consumer Price Index is a lagged daily interpolation of the CPI. The Unidad de Fomento is a monetized daily indexed unit of account un-rebased since 1967 and published daily since 1977. The Central Bank of Chile publishes it daily since 1990.
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