Inflation rates by country and year

0%63.7%127.5%191.2%254.9%
0%63.7%127.5%191.2%254.9%
200927.1%
201221.1%
2016254.9%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2016Inflation Rate254.9%

Behind the curve

Turning points in Venezuela, RB

  1. 1989↑ Upward pressure

    The Caracazo price shock — Wikipedia (opens in a new tab)

    The February 1989 fuel-price increase under the 'El Gran Viraje' austerity package set off riots and a burst of inflation as subsidies were withdrawn.

    Outside the available chart data.

    IMF · Venezuela country page
  2. 2013↑ Upward pressure

    Shortages under price controls — Wikipedia (opens in a new tab)

    Price controls and import restrictions under the new Maduro government deepened shortages, pushing up the parallel exchange rate and feeding inflation.

    IMF · Venezuela country page
  3. 2015↑ Upward pressure

    The crisis deepens — Wikipedia (opens in a new tab)

    The collapse in oil prices and continued money printing to cover the deficit sharply accelerated inflation and deepened the economic and humanitarian crisis.

    IMF · Venezuela country page
  4. 2016↑ Upward pressure

    Hyperinflation takes hold — Wikipedia (opens in a new tab)

    By 2016 inflation reached triple digits and accelerated into full hyperinflation in the following years, driven by deficit financing and collapsing production.

    IMF · Venezuela country page

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Venezuela, RB?

The annual inflation rate in Venezuela, RB was 254.9% in 2016, the most recent year in the World Bank dataset. That means prices rose 254.9% on average compared with the year before. Use the chart above to explore Venezuela, RB's full inflation history from 2009 to 2016, and to compare it with any other country.

How inflation in Venezuela, RB has changed

Inflation in Venezuela, RB peaked at 254.9% in 2016 and reached its lowest point at 21.1% in 2012. Averaged across the 8 years of available data (2009–2016), the rate has been 72.7% per year.

Frequently asked questions about inflation in Venezuela, RB

What is the current inflation rate in Venezuela, RB?

The latest available annual figure is 254.9% in 2016, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Venezuela, RB's statistical office.

What was the highest inflation rate in Venezuela, RB?

The highest annual inflation rate on record is 254.9%, reached in 2016.

What was the lowest inflation rate in Venezuela, RB?

The lowest annual inflation rate on record is 21.1%, recorded in 2012.

Where does the inflation data for Venezuela, RB come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.