Venezuelan inflation rate in 1983: 6.20%

Bs.

Inflation in 1983 and its effect on bolivar value

Bs. 1 in 1982 is equivalent in purchasing power to about Bs. 1.06 in 1983. The bolivar had an average inflation rate of 6.20% per year between 1982 and 1983, producing a cumulative price increase of 6.20%. Purchasing power decreased by 6.20% in 1983 compared to 1982. On average, you would have to spend 6.20% more money in 1983 than in 1982 for the same item.

This means that prices in 1983 are 1.06 times as high as average prices in 1982, according to the International Monetary Fund consumer price index.

The inflation rate in 1982 was 9.60%. The inflation rate in 1983 was 6.20%. The 1983 inflation rate is lower compared to the average inflation rate of 94.93% per year between 1983 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1983 was 164.19. It was 154.61 in the previous year, 1982. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1982 to 1983
Average inflation rate 6.20%
Converted amount
Bs. 1 base		 Bs. 1.06
Price difference
Bs. 1 base		 Bs. 0.06
CPI in 1982 154.609
CPI in 1983 164.195
Inflation in 1982 9.60%
Inflation in 1983 6.20%
Bs. 1 in 1982 Bs. 1.06 in 1983
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1982 to 1983

Our calculations use the following inflation rate formula to calculate the change in value between 1982 and 1983:

CPI in 1983CPI in 1982
×
1982 VEF value
=
1983 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 154.6092128 in the year 1982 and 164.194984 in 1983:

164.194984154.6092128
×
Bs. 1
=
Bs. 1.06

Bs. 1 in 1982 has the same "purchasing power" or "buying power" as Bs. 1.06 in 1983.

To get the total inflation rate for the 1 years between 1982 and 1983, we use the following formula:

CPI in 1983 - CPI in 1982CPI in 1982
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

164.194984 - 154.6092128154.6092128
×
100
=
6%

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 1983 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1983.

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 1982 to 1983
Average inflation rate 6.20%
Converted amount
Bs. 1 base		 Bs. 1.06
Price difference
Bs. 1 base		 Bs. 0.06
CPI in 1982 154.609
CPI in 1983 164.195
Inflation in 1982 9.60%
Inflation in 1983 6.20%
Bs. 1 in 1982 Bs. 1.06 in 1983