Inflation of consumer prices in Venezuela
Venezuela: Inflation of consumer prices was 254.9% in 2016. ◆ Volatile
Inflation of consumer prices in Venezuela, 2009–2016
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
Venezuela recorded 254.9% for inflation of consumer prices in 2016. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 109.4% on the previous year and up 841.4% over ten years.
Venezuela ranks 1st of 190 countries on this measure, in the top 10%.
Inflation of consumer prices in Venezuela, year by year
| Year | annual % | Change |
|---|---|---|
| 2009 | 27.1% | — |
| 2010 | 28.2% | +4.1% |
| 2011 | 26.1% | -7.4% |
| 2012 | 21.1% | -19.2% |
| 2013 | 40.6% | +92.9% |
| 2014 | 62.2% | +53.0% |
| 2015 | 121.7% | +95.8% |
| 2016 | 254.9% | +109.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.1% | 27.1% | 27.1% | 1 |
| 2010s | 79.3% | 21.1% | 254.9% | 7 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth -100 % change on previous year (1991)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Gross value added at basic prices (GVA) (current LCU), per capita 0 current LCU per person (2011)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -3.26 % change on previous year (2014)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.2184 constant LCU per US$ of GDP (2014)
- Gross value added at basic prices (GVA) (constant LCU), per capita 1,551 constant LCU per person (2014)
- GDP (current US$), annual growth rate -17.34 % change on previous year (2025)
- GDP (current US$), per capita 3,495 current US$ per person (2025)
Frequently asked questions
- What is inflation of consumer prices in Venezuela?
- Inflation of consumer prices in Venezuela was 254.9% in 2016, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in Venezuela?
- The highest recorded value was 254.9% in 2016.
- What is the lowest inflation of consumer prices recorded in Venezuela?
- The lowest recorded value was 21.1% in 2012.
- How does Venezuela rank for inflation of consumer prices?
- Venezuela ranks 1st out of 190 countries with data for 2016.
- Is inflation of consumer prices rising or falling in Venezuela?
- Over the last ten years it is up 841.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.