Venezuelan inflation rate in 2005: 16.00%

Bs.

Inflation in 2005 and its effect on bolivar value

Bs. 1 in 2004 is equivalent in purchasing power to about Bs. 1.16 in 2005. The bolivar had an average inflation rate of 16.00% per year between 2004 and 2005, producing a cumulative price increase of 16.00%. Purchasing power decreased by 16.00% in 2005 compared to 2004. On average, you would have to spend 16.00% more money in 2005 than in 2004 for the same item.

This means that prices in 2005 are 1.16 times as high as average prices in 2004, according to the International Monetary Fund consumer price index.

The inflation rate in 2004 was 21.70%. The inflation rate in 2005 was 16.00%. The 2005 inflation rate is lower compared to the average inflation rate of 228.62% per year between 2005 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2005 was 91,962.73. It was 79,278.22 in the previous year, 2004. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 2004 to 2005
Average inflation rate 16.00%
Converted amount
Bs. 1 base		 Bs. 1.16
Price difference
Bs. 1 base		 Bs. 0.16
CPI in 2004 79,278.216
CPI in 2005 91,962.730
Inflation in 2004 21.70%
Inflation in 2005 16.00%
Bs. 1 in 2004 Bs. 1.16 in 2005
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2004 to 2005

Our calculations use the following inflation rate formula to calculate the change in value between 2004 and 2005:

CPI in 2005CPI in 2004
×
2004 VEF value
=
2005 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 79278.21567 in the year 2004 and 91962.73017 in 2005:

91962.7301779278.21567
×
Bs. 1
=
Bs. 1.16

Bs. 1 in 2004 has the same "purchasing power" or "buying power" as Bs. 1.16 in 2005.

To get the total inflation rate for the 1 years between 2004 and 2005, we use the following formula:

CPI in 2005 - CPI in 2004CPI in 2004
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

91962.73017 - 79278.2156779278.21567
×
100
=
16%

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 2005 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-2005.

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 2004 to 2005
Average inflation rate 16.00%
Converted amount
Bs. 1 base		 Bs. 1.16
Price difference
Bs. 1 base		 Bs. 0.16
CPI in 2004 79,278.216
CPI in 2005 91,962.730
Inflation in 2004 21.70%
Inflation in 2005 16.00%
Bs. 1 in 2004 Bs. 1.16 in 2005