Current inflation Venezuela 274.4%
December 2016
Current Inflation
Inflation is very high at 274.4%, far above the ECB target.
Historical Context
Inflation is 176.7 percentage points 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
Over the period 2014-2016, inflation shows an upward trend. Compared to 2015, average inflation in 2016 through December has risen by 132.8 percentage points.
ECB Target
Inflation is 272.4 percentage points 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 VES 100 this year will cost approximately VES 374.40 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2016 through December
- 249.0%
- Last year
- 116.2%
- 5-year average
- 97.7%
- All-time high (2016)
- 249%