Inflation in Venezuela

Venezuela Inflation (eop) | Economic News & Forecasts

Venezuela - Inflation (end of period)

Inflation soars in Q3

Given the dearth of official data for inflation, different indicators from official and non-official sources are used as proxies to measure the evolution of price levels in the South American country. According to figures from the Venezuelan Center of Documentation and Analysis for Workers (Centro de Documentación y Análisis para los Trabajadores, CENDA), the basic basket of food, goods and services was 13.6% more expensive in August compared to July and 552% higher than in the same month in 2015. The basic basket of food, goods and services takes into consideration prices of a different set of products than the consumer price index; particularly, the basic basket tracks prices of selected products to cover basic food needs, personal hygiene, living expenses, healthcare, education, clothing and footwear.

FocusEconomics Consensus Forecast panelists estimate that inflation jumped from 368.2% at the end of Q2 to 454.5% at the end of Q3. The latest available data show that the money supply increased by 104.6% in August, marginally up from July’s 99.4% increase. The money supply is expected to keep increasing at an alarmingly fast rate following new reports that show that oil output is declining.

Inflation is seen ending 2016 at 559.7%. For 2017, the panel expects inflation of 542.1%.

Venezuela - Inflation (eop) Data

2011  2012  2013  2014  2015  
Inflation Rate (CPI, annual variation in %, eop)27.6  20.1  56.2  68.5  181  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Venezuela Inflation (eop) Chart

Venezuela Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Venezuela Central Bank and FocusEconomics calculations.

Venezuela Facts

Bond Yield5.500.0 %Oct 19
Exchange Rate10.000.0 %Oct 21
Stock Market13,8790.41 %Oct 21

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Economic News

Search form