 Overall inflation for 1990 had reached 36.4 percent—not the hyperinflation experienced by some Latin American counties—but still the highest annual rate for Honduras in forty years.The Honduran government and the IMF had set an inflation target of 12 percent for 1992 and 8 percent for 1993.The actual figures were 8.8 percent in 1992 and an estimated 10.7 percent for 1993.