Current inflation Venezuela 274.4%
December 2016
Current Inflation
Inflation is very high at 249.0%, far above the ECB target.
Historical Context
Current inflation is 151.3% higher than the 5-year average of 97.7%. This approaches the highest level since records began (249.0% in 2016).
- 5-year average
- 97.7%
- 10-year average
- 85.7%
- All-time high (2016)
- 249%
- All-time low (2012)
- 21.3%
Trend
Inflation shows an upward trend. Compared to 2015, inflation has risen by +132.8 percentage point.
ECB Target
Inflation is 247.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €349.00 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 249.0%
- Last year
- 116.2%
- 5-year average
- 249.0%
- All-time high (2016)
- 249%