Inflation Rate in Venezuela increased to 172 percent in April from 136 percent in March of 2025. This dataset provides - Venezuela Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Due to the recent hyperinflation crisis in Venezuela, the average inflation rate in Venezuela is estimated to be around 225 percent in 2026. However, this is well below the peak of 63,000 percent observed in 2018.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.

Indeks Harga Konsumen di Venezuela meningkat 18,40 persen pada bulan April 2025 dibandingkan dengan bulan sebelumnya. Halaman ini menyediakan - Tingkat Inflasi Venezuela MoM - nilai aktual, data historis, ramalan, grafik, statistik, kalender ekonomi, dan berita.

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.

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.

Graph and download economic data for Inflation, consumer prices for the Bolivarian Republic of Venezuela (FPCPITOTLZGVEN) from 2009 to 2016 about Venezuela, consumer, CPI, inflation, price index, indexes, and price.

During the depicted period, Venezuela's monthly inflation rate has oscillated, hitting its highest point in January 2023 at **** percent. As of August 2024, the inflation rate was around *** percent.

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

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.

View yearly updates and historical trends for Venezuela Inflation Rate Outlook, End of Period Consumer Prices. Source: International Monetary Fund. Track …

In October 2024, the inflation rate of food in Venezuela increased by 21.9 percent compared to the same month from the previous year.

View yearly updates and historical trends for Venezuela Inflation Rate Outlook, Average Consumer Prices. Source: International Monetary Fund. Track econom…

In August 2024, the economic sector registering the most elevated inflation rate was communications, standing at *** percent, trailed by housing at *** percent, and home equipment at *** percent when compared to the previous month.

Actual value and historical data chart for Venezuela Inflation Consumer Prices Annual Percent

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.; ;

Actual value and historical data chart for Venezuela Inflation GDP Deflator Annual Percent

The annual average consumer price index in Venezuela was estimated at 272.59 billion points in 2024. Between 1980 and 2024, the index rose by 272.59 billion points, though the increase followed an uneven trajectory rather than a consistent upward trend. From 2024 to 2026, the index will increase by 7.61 trillion points.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.