Venezuelan inflation rate in 1988: 29.50%

Bs.

Inflation in 1988 and its effect on bolivar value

Bs. 1 in 1987 is equivalent in purchasing power to about Bs. 1.29 in 1988. The bolivar had an average inflation rate of 29.50% per year between 1987 and 1988, producing a cumulative price increase of 29.50%. Purchasing power decreased by 29.50% in 1988 compared to 1987. On average, you would have to spend 29.50% more money in 1988 than in 1987 for the same item.

This means that prices in 1988 are 1.29 times as high as average prices in 1987, according to the International Monetary Fund consumer price index.

The inflation rate in 1987 was 28.10%. The inflation rate in 1988 was 29.50%. The 1988 inflation rate is lower compared to the average inflation rate of 110.27% per year between 1988 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1988 was 379.60. It was 293.13 in the previous year, 1987. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1987 to 1988
Average inflation rate 29.50%
Converted amount
Bs. 1 base		 Bs. 1.29
Price difference
Bs. 1 base		 Bs. 0.29
CPI in 1987 293.131
CPI in 1988 379.605
Inflation in 1987 28.10%
Inflation in 1988 29.50%
Bs. 1 in 1987 Bs. 1.29 in 1988
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1987 to 1988

Our calculations use the following inflation rate formula to calculate the change in value between 1987 and 1988:

CPI in 1988CPI in 1987
×
1987 VEF value
=
1988 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 293.1311222 in the year 1987 and 379.6048032 in 1988:

379.6048032293.1311222
×
Bs. 1
=
Bs. 1.29

Bs. 1 in 1987 has the same "purchasing power" or "buying power" as Bs. 1.29 in 1988.

To get the total inflation rate for the 1 years between 1987 and 1988, we use the following formula:

CPI in 1988 - CPI in 1987CPI in 1987
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

379.6048032 - 293.1311222293.1311222
×
100
=
29%

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 1988 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1988.

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 1987 to 1988
Average inflation rate 29.50%
Converted amount
Bs. 1 base		 Bs. 1.29
Price difference
Bs. 1 base		 Bs. 0.29
CPI in 1987 293.131
CPI in 1988 379.605
Inflation in 1987 28.10%
Inflation in 1988 29.50%
Bs. 1 in 1987 Bs. 1.29 in 1988