Cost of food in Venezuela increased 315 percent in December of 2015 over the same month in the previous year. Food Inflation in Venezuela averaged 65.68 percent from 2009 until 2015, reaching an all time high of 315.00 percent in December of 2015 and a record low of 17.89 percent in August of 2012.
Food Inflation in Venezuela is expected to be 2350000.00 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 3400000.00 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.