Inflation Rate in Venezuela decreased to 2719.50 percent in May from 2940.80 percent in April of 2021. source: Banco Central De Venezuela

Inflation Rate in Venezuela averaged 3776.40 percent from 1973 until 2021, reaching an all time high of 344509.50 percent in February of 2019 and a record low of 3.22 percent in February of 1973. This page provides - Venezuela Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Inflation Rate - values, historical data and charts - was last updated on July of 2021.

Inflation Rate in Venezuela is expected to be 2800.00 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 980.00 in 12 months time. In the long-term, the Venezuela Inflation Rate is projected to trend around 750.00 percent in 2022 and 150.00 percent in 2023, according to our econometric models.

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Venezuela Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2719.50 2940.80 344509.50 3.22 1973 - 2021 percent Monthly
2007=100


Venezuela Inflation Rate
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.