Cost of food in Venezuela increased 276776 percent in April of 2019 over the same month in the previous year. Food Inflation in Venezuela averaged 13906.17 percent from 2009 until 2019, reaching an all time high of 371545.60 percent in February of 2019 and a record low of 17.89 percent in August of 2012.
Food Inflation in Venezuela is expected to be 3000000.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Venezuela to stand at 4000000.00 in 12 months time. In the long-term, the Venezuela Food Inflation is projected to trend around 1600000.00 percent in 2020, according to our econometric models.