Inflation Rate in Venezuela increased to 649.47 percent in March from 617.90 percent in February of 2026. This dataset provides - Venezuela Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hyperinflation in Venezuela peaked in 2018, when the annual inflation rate in Venezeula surged to over 65,370 percent. As of 2026, inflation in the country is still very high, with an annual rate of 68.21 percent predicted for the year. What is hyperinflation?In short, hyperinflation is a very high inflation rate that accelerates quickly. It can be caused by a government printing huge amounts of new money to pay for its expenses. The subsequent rapid increase of prices causes the country’s currency to lose value and shortages in goods to occur. People then typically start hoarding goods, which become even more scarce and expensive, money becomes worthless, financial institutions go bankrupt, and eventually, the country’s economy collapses. The Venezuelan descent into hyperinflationIn Venezuela, the economic catastrophe began with government price controls and plummeting oil prices, which caused state-run oil companies to go bankrupt. The government then starting printing new money to cope, thus prices rose rapidly, unemployment increased, and GDP collapsed, all of which was exacerbated by international sanctions. Today, many Venezuelans are emigrating to find work and supplies elsewhere, and population growth is at a decade-low. Current president Nicolás Maduro does not seem inclined to steer away from his course of price controls and economic mismanagement, so the standard of living in the country is not expected to improve significantly anytime soon.

The average inflation rate in Venezuela was estimated at 48.98 percent in 2024. Between 1980 and 2024, the inflation rose by 27.62 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. From 2024 to 2026, the inflation will increase by 633.1 percentage points.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

The Consumer Price Index in Venezuela increased 14.60 percent in February of 2026 over the previous month. This dataset provides - Venezuela Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The annual end-of-period inflation rate of Venezuela was estimated at 47.17 percent in 2024. Between 1985 and 2024, the rate rose by 38.05 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. From 2024 to 2026, the rate will increase by 581.59 percentage points.The International Monetary Fund describes this indicator as a measure of inflation based upon the year-on-year percent change in the end-of-period consumer price index (CPI). The said index measure is based upon the cost of a typical basket of goods and services at the end of a given time period.

Venezuela: Inflation forecast: The latest value from 2026 is 218.22 percent, a decline from 254.35 percent in 2025. In comparison, the world average is 5.66 percent, based on data from 184 countries. Historically, the average for Venezuela from 1985 to 2026 is 3490.67 percent. The minimum value, 9.12 percent, was reached in 1985 while the maximum of 130060.24 percent was recorded in 2018.

Cost of food in Venezuela increased 21.90 percent in October of 2024 over the same month in the previous year. This dataset provides - Venezuela Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Historical dataset showing Venezuela inflation rate by year from 2009 to 2016.

Venezuela: Inflation: percent change in the Consumer Price Index: The latest value from 2016 is 254.9 percent, an increase from 121.7 percent in 2015. In comparison, the world average is 5.3 percent, based on data from 181 countries. Historically, the average for Venezuela from 2009 to 2016 is 72.7 percent. The minimum value, 21.1 percent, was reached in 2012 while the maximum of 254.9 percent was recorded in 2016.

Core consumer prices in Venezuela increased 60.30 percent in December of 2013 over the same month in the previous year. This dataset provides - Venezuela Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation, GDP deflator (annual %) in Venezuela was reported at 748 % in 2017, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2026.

Historical inflation rate data for Venezuela, RB, covering 27 years from 2000 to 2026. Latest value: 682.1% (2026). Ranked #1 out of 192 countries globally. Source: IMF World Economic Outlook. Free to access via API at statisticsoftheworld.com.

Venezuela VE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 67.147 % in 2014. This records an increase from the previous number of 35.503 % for 2013. Venezuela VE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 30.132 % from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 115.525 % in 1996 and a record low of 7.832 % in 2009. Venezuela VE: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Inflation, monthly percent change in the CPI in Venezuela, October, 2024 The most recent value is 4.03 percent as of October 2024, an increase compared to the previous value of 0.82 percent. Historically, the average for Venezuela from January 2008 to October 2024 is 16.14 percent. The minimum of 0.75 percent was recorded in July 2024, while the maximum of 196.63 percent was reached in January 2019. | TheGlobalEconomy.com

In 2025, Venezuela had the highest inflation rate worldwide, with prices increasing by 252 percent compared with the previous year. Sudan had the second-highest rate of inflation at 100.2 percent, followed by South Sudan at 97.6 percent and Zimbabwe at 81.4 percent. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central banking system, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant. In more developed economies and in the prime emerging markets, the inflation rate does not fluctuate as sporadically. Additionally, the majority of countries that maintained the lowest inflation rate compared to previous years are primarily oil producers or small island independent states. These countries experienced deflation, which occurs when the inflation rate falls below zero; this may happen for a variety of factors, such as a shift in supply or demand of goods and services, or an outflow of capital.

Im Jahr 2024 hat die durchschnittliche Inflationsrate in Venezuela geschätzt rund 49 Prozent betragen. Für das Jahr 2025 wird die durchschnittliche Inflationsrate in Venezuela auf rund 269,9 Prozent prognostiziert. Die Statistik zeigt die durchschnittliche Inflationsrate in Venezuela im Zeitraum 1980 bis 2023 und Prognosen bis zum Jahr 2026.Die Inflationsrate bildet Veränderungen der Kosten für einen festgelegten Warenkorb ab, der eine repräsentative Auswahl an Waren und Dienstleistungen enthält. Sie wird aus dem Verbraucherpreisindex (VPI) abgeleitet.Finden Sie weitere Statistiken zu ähnlichen Themen: die Staatsquote in Prozent des Bruttoinlandsproduktes, das Bruttoinlandsprodukt pro Kopf und das Wachstum des realen Bruttoinlandsprodukts.

Inflation, consumer prices (annual %) in Venezuela was reported at 255 % in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2026.

This statistic shows the average inflation rate in the Association of Caribbean States in 2023. In 2023, the average inflation rate in Venezuela amounted to about ****** percent compared to the previous year.

In 2025, the average annual inflation rate in China ranged at around 0.0 percent compared to the previous year. For 2026, projections by the IMF expect consumer prices to increase by 0.68 percent. The monthly inflation rate in China picked slightly up in the last quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2024 and 2025. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2025, Venezuela was expected to be the country with the highest inflation rate, with a consumer price increase of about 270 percent compared to 2025. In 2024, St. Lucia had the lowest price increase worldwide with prices actually decreasing by about 0.45 percent.

In 2024, only two Latin American or Caribbean country registered deflation in their average consumer prices. St Lucia and Costa Rica had the lowest change compared to the previous year with -0.45 and -0.41 percent, respectively. In contrast, the average inflation rate in Argentina amounted to about 219.89 percent.

Latin America among the highest inflation rates in the world In 2023, the average inflation rate of the region was around 14.41 percent. Which is significantly higher than the global average of 6.78 percent. Some of that is explained by countries such as Venezuela, Argentina, and Suriname ranking in the top then of countries with the highest inflation rate in the world.

Chronic inflation in Latin America Chronic inflation is often defined as persistent high inflation throughout a long time. Some of the common examples of this problem are Venezuela and Argentina, both countries had episodes of hyperinflation, with price increases considerably over 50 percent per month in both cases. The last few years, the global crisis and economic sanctions, attenuated the situation with Argentina reaching once again three-digit inflation and Venezuela exceeding 63,000 percent inflation in 2019.