Venezuela Inflation Rate

Consumer prices in Venezuela jumped 1,300,000 percent year-on-year in November of 2018, up from a 833,997 climb in October, according to estimates from Venezuela's opposition-led congress. Inflation Rate in Venezuela averaged 3268.55 percent from 1973 until 2018, reaching an all time high of 833997 percent in October of 2018 and a record low of 3.22 percent in February of 1973.

Inflation Rate in Venezuela is expected to be 1600000.00 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 200000.00 in 12 months time. In the long-term, the Venezuela Inflation Rate is projected to trend around 4500.00 percent in 2020, according to our econometric models.

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Venezuela Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	1300000.00	833997.00	1300000.00	3.22	percent	[+]
Inflation Rate Mom	144.00	148.00	233.00	0.80	percent	[+]
Consumer Price Index CPI	2146.10	2010.70	2146.10	0.10	Index Points	[+]
Core Consumer Prices	594.30	582.30	594.30	18.20	Index Points	[+]
Core Inflation Rate	60.30	60.90	60.90	20.20	percent	[+]
Food Inflation	315.00	304.00	315.00	17.89	percent	[+]
CPI Transportation	1995.10	1809.40	1995.10	103.40	Index Points	[+]

In Venezuela, the main components of the consumer price index are: Food and Noon-Alcoholic Beverages (32.2 percent of the total weight); Transports (10.8 percent) and House Rental (9.8 percent). Restaurants and Hotels account for 8.8 percent; Clothing and Footwear for 7.2 percent; Miscellaneous Goods and Services for 5.8 percent and Household Equipment for 5.6 percent. Others include: Health Care (4.3 percent); Communications (3.8 percent); Leisure and Culture (3.6 percent); Alcoholic Beverages and Tobacco (3 percent); Education (2.7 percent) and Household Services (2.3 percent). The national index has a base of 100 as of December 2007. The CPI covers 10 metropolitan areas, plus 74 other localities in the rest of the country. This page provides - Venezuela Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1300000.00	833997.00	1300000.00	3.22	1973 - 2018	percent	Monthly	2007=100

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Country	Last		Previous	Range
Argentina	47.10	Dec/18	48	20263 : -7	%
Australia	1.90	Sep/18	2.1	23.9 : -1.3	%
Brazil	3.75	Dec/18	4.05	6821 : 1.65	%
Canada	1.70	Nov/18	2.4	21.6 : -17.8	%
China	1.90	Dec/18	2.2	28.4 : -2.2	%
Euro Area	1.60	Dec/18	1.9	5 : -0.7	%
France	1.60	Dec/18	1.9	18.8 : -0.7	%
Germany	1.70	Dec/18	2.3	11.54 : -7.62	%
India	2.19	Dec/18	2.33	12.17 : 1.54	%
Indonesia	3.13	Dec/18	3.23	82.4 : -1.17	%
Italy	1.10	Dec/18	1.6	25.64 : -0.6	%
Japan	0.80	Nov/18	1.4	24.9 : -2.5	%
Mexico	4.83	Dec/18	4.72	180 : 2.13	%
Netherlands	2.00	Dec/18	2	11.19 : -1.3	%
Russia	4.30	Dec/18	3.8	2333 : 2.2	%
Saudi Arabia	2.80	Nov/18	2.4	11.1 : -2	%
Singapore	0.30	Nov/18	0.7	34 : -3.1	%
South Africa	5.20	Nov/18	5.1	20.7 : 0.2	%
South Korea	1.30	Dec/18	2	32.5 : 0.2	%
Spain	1.20	Dec/18	1.7	28.43 : -1.37	%
Switzerland	0.70	Dec/18	0.9	11.92 : -1.4	%
Turkey	20.30	Dec/18	21.62	139 : -4.01	%
United Kingdom	2.10	Dec/18	2.3	8.5 : -0.1	%
United States	1.90	Dec/18	2.2	23.7 : -15.8	%