Venezuela's annual inflation rate fell to 1.62 million percent in March of 2019 from 2.30 million percent in February, according to estimates from Venezuela's opposition-led congress. It is the lowest annual inflation rate since November. Inflation Rate in Venezuela averaged 21261.89 percent from 1973 until 2019, reaching an all time high of 2688670 percent in January of 2019 and a record low of 3.22 percent in February of 1973.
Inflation Rate in Venezuela is expected to be 2800000.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Venezuela to stand at 4000000.00 in 12 months time. In the long-term, the Venezuela Inflation Rate is projected to trend around 1800000.00 percent in 2020, according to our econometric models.