Venezuela's annual inflation rate fell to 1.30 million percent in April of 2019 from 1.62 million percent in March, according to estimates from Venezuela's opposition-led congress. It is the lowest annual inflation rate since last November. Inflation Rate in Venezuela averaged 23664.95 percent from 1973 until 2019, reaching an all time high of 2688670 percent in January of 2019 and a record low of 3.22 percent in February of 1973.

Inflation Rate in Venezuela is expected to be 2800000.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Venezuela to stand at 4000000.00 in 12 months time. In the long-term, the Venezuela Inflation Rate is projected to trend around 1800000.00 percent in 2020, according to our econometric models.

Venezuela Inflation Rate
Forecast Data Chart
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Venezuela Prices Last Previous Highest Lowest Unit
Inflation Rate 1304494.00 1623656.00 2688670.00 3.22 percent [+]
Inflation Rate Mom 44.70 18.10 233.00 0.80 percent [+]
Consumer Price Index CPI 2146.10 2010.70 2146.10 0.10 Index Points [+]
Core Consumer Prices 594.30 582.30 594.30 18.20 Index Points [+]
Core Inflation Rate 60.30 60.90 60.90 20.20 percent [+]
Food Inflation 315.00 304.00 315.00 17.89 percent [+]
CPI Transportation 1995.10 1809.40 1995.10 103.40 Index Points [+]

Venezuela Inflation Rate

In Venezuela, the main components of the consumer price index are: Food and Noon-Alcoholic Beverages (32.2 percent of the total weight); Transports (10.8 percent) and House Rental (9.8 percent). Restaurants and Hotels account for 8.8 percent; Clothing and Footwear for 7.2 percent; Miscellaneous Goods and Services for 5.8 percent and Household Equipment for 5.6 percent. Others include: Health Care (4.3 percent); Communications (3.8 percent); Leisure and Culture (3.6 percent); Alcoholic Beverages and Tobacco (3 percent); Education (2.7 percent) and Household Services (2.3 percent). The national index has a base of 100 as of December 2007. The CPI covers 10 metropolitan areas, plus 74 other localities in the rest of the country. This page provides - Venezuela Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1304494.00 1623656.00 2688670.00 3.22 1973 - 2019 percent Monthly

Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.50 Mar/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.60 Mar/19
South Africa 4.50 Mar/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 1.90 Mar/19
United States 2.00 Apr/19