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.