Venezuela Inflation Calculator

Buying power of $100 in 1980

This chart shows a calculation of buying power equivalence for $100 in 1980 (price index tracking began in 1979).

For example, if you started with $100, you would need to end with $12,515,733,113,673,804 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $12,515,733,113,673,804 over time, that means that the "real value" of a single Venezuelan bolivar decreases over time. In other words, a bolivar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a bolivar over time. By calculating the value in 1980 dollars, the chart below shows how $100 buys less over the past 40 years.

According to the International Monetary Fund, each of these VEF amounts below is equal in terms of what it could buy at the time:

How to Calculate Inflation Rate for $100 since 1980

This inflation calculator uses the following inflation rate formula:

Then plug in historical CPI values. The Venezuelan CPI was 121.4 in the year 1980 and 15194100000000000 in 2020:

$100 in 1980 has the same "purchasing power" or "buying power" as $12,515,733,113,673,804 in 2020.

To get the total inflation rate for the 40 years between 1980 and 2020, we use the following formula:

Plugging in the values to this equation, we get:

News headlines from 1980

Politics and news often influence economic performance. Here's what was happening at the time:

• Princess Victoria is crowned Princess of Sweden.
• Iranian protesters storm the Russian embassy in Iran.
• Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
• Cable News Network (CNN) is transmitted for the first time.
• Saddam Hussein, President of Iraq, declares a holy war on Iran.

Data Source & Citation

Raw data for these calculations comes from the government of Venezuela's annual (CPI) as provided by the International Monetary Fund.

» Read more about inflation and investment.