Venezuelan inflation rate in 1980: 21.40%

Bs.

Inflation in 1980 and its effect on bolivar value

Bs. 1 in 1979 is equivalent in purchasing power to about Bs. 1.21 in 1980. The bolivar had an average inflation rate of 21.40% per year between 1979 and 1980, producing a cumulative price increase of 21.40%. Purchasing power decreased by 21.40% in 1980 compared to 1979. On average, you would have to spend 21.40% more money in 1980 than in 1979 for the same item.

This means that prices in 1980 are 1.21 times as high as average prices in 1979, according to the International Monetary Fund consumer price index.

The inflation rate in 1979 was NaN%. The inflation rate in 1980 was 21.40%. The 1980 inflation rate is lower compared to the average inflation rate of 87.01% per year between 1980 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1980 was 121.40. It was 100.00 in the previous year, 1979. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1979 to 1980
Average inflation rate 21.40%
Converted amount
Bs. 1 base		 Bs. 1.21
Price difference
Bs. 1 base		 Bs. 0.21
CPI in 1979 100.000
CPI in 1980 121.400
Inflation in 1979 0.00%
Inflation in 1980 21.40%
Bs. 1 in 1979 Bs. 1.21 in 1980
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1979 to 1980

Our calculations use the following inflation rate formula to calculate the change in value between 1979 and 1980:

CPI in 1980CPI in 1979
×
1979 VEF value
=
1980 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 100 in the year 1979 and 121.4 in 1980:

121.4100
×
Bs. 1
=
Bs. 1.21

Bs. 1 in 1979 has the same "purchasing power" or "buying power" as Bs. 1.21 in 1980.

To get the total inflation rate for the 1 years between 1979 and 1980, we use the following formula:

CPI in 1980 - CPI in 1979CPI in 1979
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

121.4 - 100100
×
100
=
21%

Data source & citation

Raw data for these calculations comes from the government of Venezuela's annual (CPI) as provided by the International Monetary Fund.

You may use the following MLA citation for this page: “Inflation Rate in 1980 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1980.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1979 to 1980
Average inflation rate 21.40%
Converted amount
Bs. 1 base		 Bs. 1.21
Price difference
Bs. 1 base		 Bs. 0.21
CPI in 1979 100.000
CPI in 1980 121.400
Inflation in 1979 0.00%
Inflation in 1980 21.40%
Bs. 1 in 1979 Bs. 1.21 in 1980