Venezuelan inflation rate in 1994: 60.80%

Bs.

Inflation in 1994 and its effect on bolivar value

Bs. 1 in 1993 is equivalent in purchasing power to about Bs. 1.61 in 1994. The bolivar had an average inflation rate of 60.80% per year between 1993 and 1994, producing a cumulative price increase of 60.80%. Purchasing power decreased by 60.80% in 1994 compared to 1993. On average, you would have to spend 60.80% more money in 1994 than in 1993 for the same item.

This means that prices in 1994 are 1.61 times as high as average prices in 1993, according to the International Monetary Fund consumer price index.

The inflation rate in 1993 was 38.10%. The inflation rate in 1994 was 60.80%. The 1994 inflation rate is lower compared to the average inflation rate of 127.61% per year between 1994 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1994 was 3,858.78. It was 2,399.74 in the previous year, 1993. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 1993 to 1994
Average inflation rate 60.80%
Converted amount
Bs. 1 base		 Bs. 1.61
Price difference
Bs. 1 base		 Bs. 0.61
CPI in 1993 2,399.737
CPI in 1994 3,858.778
Inflation in 1993 38.10%
Inflation in 1994 60.80%
Bs. 1 in 1993 Bs. 1.61 in 1994
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 1993 to 1994

Our calculations use the following inflation rate formula to calculate the change in value between 1993 and 1994:

CPI in 1994CPI in 1993
×
1993 VEF value
=
1994 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 2399.737436 in the year 1993 and 3858.777797 in 1994:

3858.7777972399.737436
×
Bs. 1
=
Bs. 1.61

Bs. 1 in 1993 has the same "purchasing power" or "buying power" as Bs. 1.61 in 1994.

To get the total inflation rate for the 1 years between 1993 and 1994, we use the following formula:

CPI in 1994 - CPI in 1993CPI in 1993
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

3858.777797 - 2399.7374362399.737436
×
100
=
61%

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 1994 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-1994.

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 1993 to 1994
Average inflation rate 60.80%
Converted amount
Bs. 1 base		 Bs. 1.61
Price difference
Bs. 1 base		 Bs. 0.61
CPI in 1993 2,399.737
CPI in 1994 3,858.778
Inflation in 1993 38.10%
Inflation in 1994 60.80%
Bs. 1 in 1993 Bs. 1.61 in 1994