Cost of food in Venezuela increased 2064.90 percent in May of 2020 over the same month in the previous year.
Food Inflation in Venezuela averaged 16145.64 percent from 2009 until 2020, reaching an all time high of 371545.60 percent in February of 2019 and a record low of 17.89 percent in August of 2012. This page provides - Venezuela Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Food Inflation - values, historical data and charts - was last updated on August of 2020. source: Banco Central De Venezuela
Food Inflation in Venezuela is expected to be 2100.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Venezuela to stand at 6000.00 in 12 months time. In the long-term, the Venezuela Food Inflation is projected to trend around 9000.00 percent in 2021 and 11000.00 percent in 2022, according to our econometric models.