Venezuelan inflation rate in 1989: 84.50%

Bs.

Inflation in 1989 and its effect on bolivar value

Bs. 1 in 1988 is equivalent in purchasing power to about Bs. 1.84 in 1989. The bolivar had an average inflation rate of 84.50% per year between 1988 and 1989, producing a cumulative price increase of 84.50%. Purchasing power decreased by 84.50% in 1989 compared to 1988. On average, you would have to spend 84.50% more money in 1989 than in 1988 for the same item.

This means that prices in 1989 are 1.84 times as high as average prices in 1988, according to the International Monetary Fund consumer price index.

The inflation rate in 1988 was 29.50%. The inflation rate in 1989 was 84.50%. The 1989 inflation rate is lower compared to the average inflation rate of 111.13% per year between 1989 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1989 was 700.37. It was 379.60 in the previous year, 1988. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1988 to 1989
Average inflation rate 84.50%
Converted amount
Bs. 1 base		 Bs. 1.84
Price difference
Bs. 1 base		 Bs. 0.84
CPI in 1988 379.605
CPI in 1989 700.371
Inflation in 1988 29.50%
Inflation in 1989 84.50%
Bs. 1 in 1988 Bs. 1.84 in 1989
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1988 to 1989

Our calculations use the following inflation rate formula to calculate the change in value between 1988 and 1989:

CPI in 1989CPI in 1988
×
1988 VEF value
=
1989 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 379.6048032 in the year 1988 and 700.3708619 in 1989:

700.3708619379.6048032
×
Bs. 1
=
Bs. 1.84

Bs. 1 in 1988 has the same "purchasing power" or "buying power" as Bs. 1.84 in 1989.

To get the total inflation rate for the 1 years between 1988 and 1989, we use the following formula:

CPI in 1989 - CPI in 1988CPI in 1988
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

700.3708619 - 379.6048032379.6048032
×
100
=
84%

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 1989 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1989.

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 1988 to 1989
Average inflation rate 84.50%
Converted amount
Bs. 1 base		 Bs. 1.84
Price difference
Bs. 1 base		 Bs. 0.84
CPI in 1988 379.605
CPI in 1989 700.371
Inflation in 1988 29.50%
Inflation in 1989 84.50%
Bs. 1 in 1988 Bs. 1.84 in 1989