Venezuela Inflation Rate

The inflation rate in Venezuela was recorded at 57.30 percent in February of 2014. Inflation Rate in Venezuela is reported by the Banco Central De Venezuela. Inflation Rate in Venezuela averaged 26.84 Percent from 1973 until 2014, reaching an all time high of 115.18 Percent in September of 1996 and a record low of 3.22 Percent in February of 1973. In Venezuela, the main components of the consumer price index are: Food and Noon-Alcoholic Beverages (32.2 percent of the total weight); Transports (10.8 percent) and House Rental (9.8 percent). Restaurants and Hotels account for 8.8 percent; Clothing and Footwear for 7.2 percent; Miscellaneous Goods and Services for 5.8 percent and Household Equipment for 5.6 percent. Others include: Health Care (4.3 percent); Communications (3.8 percent); Leisure and Culture (3.6 percent); Alcoholic Beverages and Tobacco (3 percent); Education (2.7 percent) and Household Services (2.3 percent). The national index has a base of 100 as of December 2007. The CPI covers 10 metropolitan areas, plus 74 other localities in the rest of the country. This page provides - Venezuela Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
57.30 56.20 115.18 3.22 57.94 | 2014/03 1973 - 2014 Percent Monthly
2007=100

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Venezuela Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-06 11:00 PM Venezuela
Inflation Rate YoY
Jul 2013 42.6% 39.6%
2013-09-10 10:30 PM Venezuela
Inflation Rate YoY
Aug 2013 45.4% 42.6% 44.18%
2013-10-10 10:00 PM Venezuela
Inflation Rate YoY
Sep 2013 49.4% 45.5% 46.2% 47.59%
2013-11-07 08:05 PM Venezuela
Inflation Rate YoY
Oct 2013 46.85% 49.4% 48.65%
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Prices Last Previous Highest Lowest Forecast Unit
Core Inflation Rate 60.30 2013-12-15 60.90 60.90 20.20 60.67 2014-01-31 Percent [+]
Consumer Price Index (CPI) 527.70 2014-02-15 514.40 527.70 0.10 544.35 2014-03-31 Index Points [+]
Core Consumer Prices 594.30 2013-12-15 582.30 594.30 18.20 609.05 2014-01-31 Index Points [+]
Inflation Rate Mom 2.40 2014-02-28 3.30 6.10 0.80 3.05 2014-03-31 Percent [+]
Inflation Rate 57.30 2014-02-28 56.20 115.18 3.22 57.94 2014-03-31 Percent [+]
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Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


RELATED NEWS

Venezuela Crude Oil Production at 2300.00 Thousands Barrels per Day  
Crude Oil Production in Venezuela remained unchanged at 2300 Thousands Barrels per Day in October of 2013 from 2300 Thousands Barrels per Day in September of 2013. Crude Oil Production in Venezuela is reported by the U.S. Energy Information Administration.
Venezuela Balance of Trade at 10191.00 USD Million  
Venezuela recorded a trade surplus of 10191 USD Million in the third quarter of 2013. Balance of Trade in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Current Account at 4121.00 USD Million  
Venezuela recorded a Current Account surplus of 4121 USD Million in the third quarter of 2013. Current Account in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Exports at 22231.00 USD Million  
Exports in Venezuela decreased to 22231 USD Million in the third quarter of 2013 from 22386 USD Million in the second quarter of 2013. Exports in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Imports at -12040.00 USD Million  
Imports in Venezuela increased to -12040 USD Million in the third quarter of 2013 from -13257 USD Million in the second quarter of 2013. Imports in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Unemployment Rate at 7.20 Percent  
Unemployment Rate in Venezuela decreased to 7.20 percent in February of 2014 from 9.50 percent in January of 2014. Unemployment Rate in Venezuela is reported by the National Institute of Statistics, Venezuela.
Venezuela Changes in Inventories at 1691.00 VEF Million  
Changes in Inventories in Venezuela decreased to 1691 VEF Million in the third quarter of 2013 from 1880 VEF Million in the second quarter of 2013. Changes in Inventories in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Consumer Price Index (CPI) at 527.70 Index Points  
Consumer Price Index (CPI) in Venezuela increased to 527.70 Index Points in February of 2014 from 514.40 Index Points in January of 2014. Consumer Price Index (CPI) in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Consumer Spending at 11605.00 VEF Million  
Consumer Spending in Venezuela increased to 11605 VEF Million in the third quarter of 2013 from 11160 VEF Million in the second quarter of 2013. Consumer Spending in Venezuela is reported by the Banco Central De Venezuela.
Venezuela Core Consumer Prices at 594.30 Index Points  
Core Consumer Prices in Venezuela increased to 594.30 Index Points in December of 2013 from 582.30 Index Points in November of 2013. Core Consumer Prices in Venezuela is reported by the Banco Central De Venezuela.
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