Venezuelan inflation rate in 2019: 1,370,001.05%

Venezuela Inflation Calculator

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Venezuelan inflation rate in 2019: 1,370,001.05%

Inflation in 2019 and Its Effect on Bolivar Value

Purchasing power decreased by 1,370,001.05% in 2019 compared to 2018. On average, you would have to spend 1,370,001.05% more money in 2019 than in 2018 for the same item.

In other words, $1 in 2018 is equivalent in purchasing power to about $13,701.01 in 2019.

The 2018 inflation rate was 1370000.00%. The current inflation rate (2018 to 2019) is now 1,370,001.05%1. If this number holds, $1 today will be equivalent in buying power to $13,701.01 next year.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2019 is 15,194,100,000,000,000.00. It was 1,108,976,599,568.00 in the previous year, 2018. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.


Inflation from 2018 to 2019
Average inflation rate 1,370,001.05%
Converted amount ($1 base) $13,701.01
Price difference ($1 base) $13,700.01
CPI in 2018 1,108,976,599,568.000
CPI in 2019 15,194,100,000,000,000.000
Inflation in 2018 1,370,000.00%
Inflation in 2019 1,370,001.05%

Venezuela inflation chart from 1980 to 2018

Hyperinflation in 2017 and 2018 hides previous fluctuations. Here is the same graph log scaled in order to show more detail:

Venezuela inflation chart from 1980 to 2018 - log scaled


How to Calculate Inflation Rate for $1 since 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 2018
×
2018 VEF value
=
2019 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 1108976599568 in the year 2018 and 15194100000000000 in 2019:

151941000000000001108976599568
×
$1
=
$13,701.01

$1 in 2018 has the same "purchasing power" or "buying power" as $13,701.01 in 2019.

To get the total inflation rate for the 1 years between 2018 and 2019, we use the following formula:

CPI in 2019 - CPI in 2018CPI in 2018
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

15194100000000000 - 11089765995681108976599568
×
100
=
1,370,001%

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: “Inflation Rate in 2019 | Venezuela Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2019, https://www.officialdata.org/Venezuela-inflation-rate-in-2019.

Special thanks to QuickChart for providing downloadable chart images.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2018 to 2019
Average inflation rate 1,370,001.05%
Converted amount ($1 base) $13,701.01
Price difference ($1 base) $13,700.01
CPI in 2018 1,108,976,599,568.000
CPI in 2019 15,194,100,000,000,000.000
Inflation in 2018 1,370,000.00%
Inflation in 2019 1,370,001.05%