Venezuelan Inflation Rate, $100 in 1980 to 2020
According to the International Monetary Fund consumer price index, today's prices in 2020 are 12,515,733,113,673,704.00% higher than average prices since 1980. The Venezuelan Bolivar experienced an average inflation rate of 125.13% per year during this period, meaning the real value of a bolivar decreased.
In other words, $100 in 1980 is equivalent in purchasing power to about $12,515,733,113,673,804 in 2020, a difference of $12,515,733,113,673,704.00 over 40 years.
The 1980 inflation rate was 21.40%. The current inflation rate (2019 to 2020) is now 0.00%1. If this number holds, $100 today will be equivalent in buying power to $100.00 next year.
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| Cumulative price change | 12,515,733,113,673,704.00% |
| Average inflation rate | 125.13% |
| Converted amount ($100 base) | $12,515,733,113,673,804 |
| Price difference ($100 base) | $12,515,733,113,673,704.00 |
| CPI in 1980 | 121.400 |
| CPI in 2020 | 15,194,100,000,000,000.000 |
| Inflation in 1980 | 21.40% |
| Inflation in 2020 | 0.00% |
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:
CPI in 2020CPI in 1980
×
1980 VEF value
=
2020 VEF value
Then plug in historical CPI values. The Venezuelan CPI was 121.4 in the year 1980 and 15194100000000000 in 2020:
15194100000000000121.4
×
$100
=
$12,515,733,113,673,804
$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:
CPI in 2020 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (40 years)
Plugging in the values to this equation, we get:
15194100000000000 - 121.4121.4
×
100
=
12,515,733,113,673,704%
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.
You may use the following MLA citation for this page: “Venezuela Inflation Calculator: VEF in 1980 through 2020.” Official Inflation Data, Alioth Finance, 15 Jan. 2020, https://www.officialdata.org/Venezuela-inflation.
Special thanks to QuickChart for providing downloadable chart images.
| Cumulative price change | 12,515,733,113,673,704.00% |
| Average inflation rate | 125.13% |
| Converted amount ($100 base) | $12,515,733,113,673,804 |
| Price difference ($100 base) | $12,515,733,113,673,704.00 |
| CPI in 1980 | 121.400 |
| CPI in 2020 | 15,194,100,000,000,000.000 |
| Inflation in 1980 | 21.40% |
| Inflation in 2020 | 0.00% |