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.

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.

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.

The annual average consumer price index in Venezuela was estimated at approximately 272.59 billion points in 2024. Between 1980 and 2024, the index rose by around 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 about 2.21 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.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

In 2023, no Latin American or Caribbean country registered deflation in their average consumer prices. Costa Rica had the lowest change compared to the previous year with 0.52 percent. In contrast, the average inflation rate in Venezuela amounted to about 337.46 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.

Gross domestic product (GDP) of Venezuela fell to 43.79 billion U.S. dollars in 2020, down from a 2012 peak of 372.59 U.S. dollars.

Venezuela’s economic capacity

Venezuela is famously the country with the largest oil reserves. However, mismanagement of the economy has led to several economic problems. Most notably, inflation has gotten out of control and has turned into hyperinflation. This represents a complete breakdown in people’s faith in the currency and, to a similar extent, the entire financial system.

The Maduro Diet

President Nicolás Maduro has largely been blamed for the economic situation in Venezuela. Many people have lost weight due to food shortages, which critics refer to as the “Maduro Diet”. In early 2019, opposition leader Juan Guaido declared the Maduro administration illegitimate, plunging the country into a constitutional crisis that divided the diplomatic world. Regardless of the outcome, Venezuela will still have to deal with high inflation, growing national debt, and challenges in infrastructure.

Venezuela: Inflation forecast: Pour cet indicateur, International Monetary Fund fournit des données pour la Venezuela de 1985 à 2026. La valeur moyenne pour Venezuela pendant cette période était de 3490.67 pour cent avec un minimum de 9.12 pour cent en 1985 et un maximum de 130060.24 pour cent en 2018.

The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. In Argentina, the CPI in April 2024 was 289 percent higher than the one registered the same month of the previous year, with this figure being the largest monthly inflation rate since, at least, the beginning of 2018. The Argentinian inflation rate has been experiencing a steep increase from December 2020 onwards, when the decreasing trend witnessed since December 2019 came to an end. Long history of inflation in Latin America High inflation rates are nothing new in Latin America. In 2023, the region's inflation rate was 14.41 percent, while the global average was much lower at 6.78 percent. Nonetheless, the main drivers of this are Venezuela and Argentina, both being in the upper table of countries with the highest inflation rates in the world. During the last few years, Venezuela entered a period with five-digits inflation rates, having to issue a new currency and implementing new policies to control price increases.

A history of hyperinflation During the last couple of years, inflation has been a constant among the main problems the Argentine society faces. The country returned to a three-digit inflation rate with former president Alberto Fernández, and the constant price increases took a toll on households across the board. Nevertheless, the problem is far from a recent one or the worst it's ever been, in 1989 and 1990, the inflation rate was over 2,000 percent, reaching for the status of hyperinflation. Commonly, hyperinflation is defined as price increases with over 50 percent per month.

Venezuela: Inflation forecast: Für diesen Indikator stellen wir Daten für Venezuela von 1985 bis 2026 bereit. Der durchschnittliche Wert für Venezuela in diesem Zeitraum lag bei 3490.67 Prozent mit einem Minimum von 9.12 Prozent im Jahre 1985 und einem Maximum von 130060.24 Prozent im Jahre 2018. Der neuste Wert aus dem Jahr 2026 liegt bei 218.22 Prozent. Zum Vergleich: Der Weltdurchschnitt im Jahr 2026, basierend auf 184 Ländern, liegt bei 5.66 Prozent.

Graph and download economic data for Venezuelan Bolivares to U.S. Dollar Spot Exchange Rate (DEXVZUS) from 1995-01-02 to 2025-07-03 about Venezuela, exchange rate, currency, rate, and USA.

Venezuela: Inflation: Prozentveränderung im Verbraucherpreisindex: Für diesen Indikator stellen wir Daten für Venezuela von 2009 bis 2016 bereit. Der durchschnittliche Wert für Venezuela in diesem Zeitraum lag bei 72.7 Prozent mit einem Minimum von 21.1 Prozent im Jahre 2012 und einem Maximum von 254.9 Prozent im Jahre 2016. Der neuste Wert aus dem Jahr 2016 liegt bei 254.9 Prozent. Zum Vergleich: Der Weltdurchschnitt im Jahr 2016, basierend auf 181 Ländern, liegt bei 5.3 Prozent.

At the end of 2023, Zimbabwe had the highest inflation rate in the world, at 667.36 percent change compared to the previous year. 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.

Venezuela: Realzins, Zinssatz für Bankkredite minus Inflation: Für diesen Indikator stellen wir Daten für Venezuela von 1984 bis 2014 bereit. Der durchschnittliche Wert für Venezuela in diesem Zeitraum lag bei -4.35 Prozent mit einem Minimum von -35.31 Prozent im Jahre 1996 und einem Maximum von 23.1 Prozent im Jahre 1998. Der neuste Wert aus dem Jahr 2014 liegt bei -16.54 Prozent. Zum Vergleich: Der Weltdurchschnitt im Jahr 2014, basierend auf 135 Ländern, liegt bei 7.30 Prozent.

In 2024, Sudan was ranked as the most miserable country in the world, with a misery index score of 374.8. Argentina ranked second with an index score of 195.9. Quality of life around the worldThe misery index was created by the economist Arthur Okun in the 1960s. The index is calculated by adding the unemployment rate, the lending rate and the inflation rate minus percent change of GDP per capita. Another famous tool used for the comparison of development of countries around the world is the Human Development Index, which takes into account such factors as life expectancy at birth, literacy rate, education level and gross national income (GNI) per capita. Better economic conditions correlate with higher quality of life Economic conditions affect the life expectancy, which is much higher in the wealthiest regions. With a life expectancy of 85 years, Liechtenstein led the ranking of countries with the highest life expectancy in 2023. On the other hand, Nigeria was the country with the lowest life expectancy, where men were expected to live 55 years as of 2024. The Global Liveability Index ranks the quality of life in cities around the world, basing on political, social, economic and environmental aspects, such as personal safety and health, education and transport services and other public services. In 2024, Vienna was ranked as the city with the highest quality of life worldwide.