$1 in 2018 is equivalent in purchasing power to about $192.00 in 2019. The bolivar had an average inflation rate of 19,100.00% per year between 2018 and 2019, producing a cumulative price increase of 19,100.00%. Purchasing power decreased by 19,100.00% in 2019 compared to 2018. On average, you would have to spend 19,100.00% more money in 2019 than in 2018 for the same item.
This means that prices in 2019 are 192.00 times as high as average prices since 2018, according to the International Monetary Fund consumer price index.
The inflation rate in 2018 was 431.80%. The inflation rate in 2019 was 19100.00%. The 2019 inflation rate is higher compared to the average inflation rate of 2,524.50% per year between 2019 and 2021.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2019 was 24,699,721,626.00. It was 128,644,383.50 in the previous year, 2018. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.
Average inflation rate | 19,100.00% |
Converted amount $1 base | $192.00 |
Price difference $1 base | $191.00 |
CPI in 2018 | 128,644,383.500 |
CPI in 2019 | 24,699,721,626.000 |
Inflation in 2018 | 431.80% |
Inflation in 2019 | 19,100.00% |
$1 in 2018 | $192.00 in 2019 |
Our calculations use the following inflation rate formula to calculate the change in value between 2018 and 2019:
Then plug in historical CPI values. The Venezuelan CPI was 128644383.5 in the year 2018 and 24699721626 in 2019:
$1 in 2018 has the same "purchasing power" or "buying power" as $192.00 in 2019.
To get the total inflation rate for the 1 years between 2018 and 2019, we use the following formula:
Plugging in the values to this equation, we get:
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.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/Venezuela-inflation-rate-in-2019.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
Average inflation rate | 19,100.00% |
Converted amount $1 base | $192.00 |
Price difference $1 base | $191.00 |
CPI in 2018 | 128,644,383.500 |
CPI in 2019 | 24,699,721,626.000 |
Inflation in 2018 | 431.80% |
Inflation in 2019 | 19,100.00% |
$1 in 2018 | $192.00 in 2019 |