Venezuelan inflation rate in 1981: 16.20%

Bs.

Inflation in 1981 and its effect on bolivar value

Bs. 1 in 1980 is equivalent in purchasing power to about Bs. 1.16 in 1981. The bolivar had an average inflation rate of 16.20% per year between 1980 and 1981, producing a cumulative price increase of 16.20%. Purchasing power decreased by 16.20% in 1981 compared to 1980. On average, you would have to spend 16.20% more money in 1981 than in 1980 for the same item.

This means that prices in 1981 are 1.16 times as high as average prices in 1980, according to the International Monetary Fund consumer price index.

The inflation rate in 1980 was 21.40%. The inflation rate in 1981 was 16.20%. The 1981 inflation rate is lower compared to the average inflation rate of 89.25% per year between 1981 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1981 was 141.07. It was 121.40 in the previous year, 1980. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1980 to 1981
Average inflation rate 16.20%
Converted amount
Bs. 1 base		 Bs. 1.16
Price difference
Bs. 1 base		 Bs. 0.16
CPI in 1980 121.400
CPI in 1981 141.067
Inflation in 1980 21.40%
Inflation in 1981 16.20%
Bs. 1 in 1980 Bs. 1.16 in 1981
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1980 to 1981

Our calculations use the following inflation rate formula to calculate the change in value between 1980 and 1981:

CPI in 1981CPI in 1980
×
1980 VEF value
=
1981 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 121.4 in the year 1980 and 141.0668 in 1981:

141.0668121.4
×
Bs. 1
=
Bs. 1.16

Bs. 1 in 1980 has the same "purchasing power" or "buying power" as Bs. 1.16 in 1981.

To get the total inflation rate for the 1 years between 1980 and 1981, we use the following formula:

CPI in 1981 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

141.0668 - 121.4121.4
×
100
=
16%

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 1981 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1981.

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 1980 to 1981
Average inflation rate 16.20%
Converted amount
Bs. 1 base		 Bs. 1.16
Price difference
Bs. 1 base		 Bs. 0.16
CPI in 1980 121.400
CPI in 1981 141.067
Inflation in 1980 21.40%
Inflation in 1981 16.20%
Bs. 1 in 1980 Bs. 1.16 in 1981