Venezuelan inflation rate in 1991: 34.20%

Bs.

Inflation in 1991 and its effect on bolivar value

Bs. 1 in 1990 is equivalent in purchasing power to about Bs. 1.34 in 1991. The bolivar had an average inflation rate of 34.20% per year between 1990 and 1991, producing a cumulative price increase of 34.20%. Purchasing power decreased by 34.20% in 1991 compared to 1990. On average, you would have to spend 34.20% more money in 1991 than in 1990 for the same item.

This means that prices in 1991 are 1.34 times as high as average prices in 1990, according to the International Monetary Fund consumer price index.

The inflation rate in 1990 was 40.70%. The inflation rate in 1991 was 34.20%. The 1991 inflation rate is lower compared to the average inflation rate of 117.26% per year between 1991 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1991 was 1,322.44. It was 985.42 in the previous year, 1990. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1990 to 1991
Average inflation rate 34.20%
Converted amount
Bs. 1 base		 Bs. 1.34
Price difference
Bs. 1 base		 Bs. 0.34
CPI in 1990 985.422
CPI in 1991 1,322.436
Inflation in 1990 40.70%
Inflation in 1991 34.20%
Bs. 1 in 1990 Bs. 1.34 in 1991
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1990 to 1991

Our calculations use the following inflation rate formula to calculate the change in value between 1990 and 1991:

CPI in 1991CPI in 1990
×
1990 VEF value
=
1991 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 985.4218027 in the year 1990 and 1322.436059 in 1991:

1322.436059985.4218027
×
Bs. 1
=
Bs. 1.34

Bs. 1 in 1990 has the same "purchasing power" or "buying power" as Bs. 1.34 in 1991.

To get the total inflation rate for the 1 years between 1990 and 1991, we use the following formula:

CPI in 1991 - CPI in 1990CPI in 1990
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

1322.436059 - 985.4218027985.4218027
×
100
=
34%

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 1991 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1991.

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 1990 to 1991
Average inflation rate 34.20%
Converted amount
Bs. 1 base		 Bs. 1.34
Price difference
Bs. 1 base		 Bs. 0.34
CPI in 1990 985.422
CPI in 1991 1,322.436
Inflation in 1990 40.70%
Inflation in 1991 34.20%
Bs. 1 in 1990 Bs. 1.34 in 1991