Venezuela, RB - Inflation, consumer prices (annual %) 2009 - 2016
Venezuela, RB's inflation, consumer prices (annual %) is currently 254.95%, according to the most recent World Bank data for the country (2016).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Venezuela, RB's inflation, consumer prices (annual %) for 2016 was 254.949%, a 109.42% increase from 2015, with a +133 difference.
- In 2015 it was 121.738%, a 95.82% increase from 2014, with a +59 difference.
- In 2014 it was 62.169%, a 52.98% increase from 2013.
- In 2013 it was 40.639%, a 92.89% increase from 2012.
- In 2012 it was 21.069%, a -19.25% increase from 2011.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Venezuela, RB is currently 72.7403% (average of years with recorded data) with a lowest recorded value of 21.069% in 2012 and a highest value of 254.9485% in 2016.
Venezuela, RB's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 2009 | 27.081% | |
| 2010 | 28.187% | 4.09% |
| 2011 | 26.09% | -7.44% |
| 2012 | 21.069% | -19.25% |
| 2013 | 40.639% | 92.89% |
| 2014 | 62.169% | 52.98% |
| 2015 | 121.738% | 95.82% |
| 2016 | 254.949% | 109.42% |
Expand
Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Venezuela, RB comes in 1st with 254.949% inflation, consumer prices (annual %).
- Within the same region, Suriname comes in 2nd with 52.446%, inflation, consumer prices (annual %).
- Haiti comes in 3rd with 33.984%.
- Chile comes in 4th with 11.644%.
- Nicaragua comes in 5th with 10.467%.
- Jamaica comes in 6th with 10.35%.
- Colombia comes in 7th with 10.177%.
- Paraguay comes in 8th with 9.766%.
- Brazil comes in 9th with 9.28%.
- Uruguay comes in 10th with 9.104%.
- And Honduras comes in 11th with 9.09%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.95% | 2016 |
| 2 | Suriname | 52.45% | 2022 |
| 3 | Haiti | 33.98% | 2022 |
| 4 | Chile | 11.64% | 2022 |
| 5 | Nicaragua | 10.47% | 2022 |
| 6 | Jamaica | 10.35% | 2022 |
| 7 | Colombia | 10.18% | 2022 |
| 8 | Paraguay | 9.77% | 2022 |
| 9 | Brazil | 9.28% | 2022 |
| 10 | Uruguay | 9.10% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Venezuela, RB comes in 1st with 254.949% inflation, consumer prices (annual %).
- Within the same income group, Turkiye comes in 2nd with 72.309%, inflation, consumer prices (annual %).
- Suriname comes in 3rd with 52.446%.
- Moldova comes in 4th with 28.737%.
- Bulgaria comes in 5th with 15.325%.
- Belarus comes in 6th with 15.21%.
- North Macedonia comes in 7th with 14.205%.
- Bosnia and Herzegovina comes in 8th with 14.021%.
- Azerbaijan comes in 9th with 13.852%.
- Montenegro comes in 10th with 13.04%.
- And Palau comes in 11th with 12.353%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |