Venezuelan inflation rate in 1984: 12.20%

Bs.

Inflation in 1984 and its effect on bolivar value

Bs. 1 in 1983 is equivalent in purchasing power to about Bs. 1.12 in 1984. The bolivar had an average inflation rate of 12.20% per year between 1983 and 1984, producing a cumulative price increase of 12.20%. Purchasing power decreased by 12.20% in 1984 compared to 1983. On average, you would have to spend 12.20% more money in 1984 than in 1983 for the same item.

This means that prices in 1984 are 1.12 times as high as average prices in 1983, according to the International Monetary Fund consumer price index.

The inflation rate in 1983 was 6.20%. The inflation rate in 1984 was 12.20%. The 1984 inflation rate is lower compared to the average inflation rate of 97.86% per year between 1984 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1984 was 184.23. It was 164.19 in the previous year, 1983. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1983 to 1984
Average inflation rate 12.20%
Converted amount
Bs. 1 base		 Bs. 1.12
Price difference
Bs. 1 base		 Bs. 0.12
CPI in 1983 164.195
CPI in 1984 184.227
Inflation in 1983 6.20%
Inflation in 1984 12.20%
Bs. 1 in 1983 Bs. 1.12 in 1984
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1983 to 1984

Our calculations use the following inflation rate formula to calculate the change in value between 1983 and 1984:

CPI in 1984CPI in 1983
×
1983 VEF value
=
1984 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 164.194984 in the year 1983 and 184.226772 in 1984:

184.226772164.194984
×
Bs. 1
=
Bs. 1.12

Bs. 1 in 1983 has the same "purchasing power" or "buying power" as Bs. 1.12 in 1984.

To get the total inflation rate for the 1 years between 1983 and 1984, we use the following formula:

CPI in 1984 - CPI in 1983CPI in 1983
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

184.226772 - 164.194984164.194984
×
100
=
12%

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 1984 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1984.

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 1983 to 1984
Average inflation rate 12.20%
Converted amount
Bs. 1 base		 Bs. 1.12
Price difference
Bs. 1 base		 Bs. 0.12
CPI in 1983 164.195
CPI in 1984 184.227
Inflation in 1983 6.20%
Inflation in 1984 12.20%
Bs. 1 in 1983 Bs. 1.12 in 1984