Venezuelan inflation rate in 2006: 13.70%

Bs.

Inflation in 2006 and its effect on bolivar value

Bs. 1 in 2005 is equivalent in purchasing power to about Bs. 1.14 in 2006. The bolivar had an average inflation rate of 13.70% per year between 2005 and 2006, producing a cumulative price increase of 13.70%. Purchasing power decreased by 13.70% in 2006 compared to 2005. On average, you would have to spend 13.70% more money in 2006 than in 2005 for the same item.

This means that prices in 2006 are 1.14 times as high as average prices in 2005, according to the International Monetary Fund consumer price index.

The inflation rate in 2005 was 16.00%. The inflation rate in 2006 was 13.70%. The 2006 inflation rate is lower compared to the average inflation rate of 252.72% per year between 2006 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2006 was 104,561.62. It was 91,962.73 in the previous year, 2005. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 2005 to 2006
Average inflation rate 13.70%
Converted amount
Bs. 1 base		 Bs. 1.14
Price difference
Bs. 1 base		 Bs. 0.14
CPI in 2005 91,962.730
CPI in 2006 104,561.624
Inflation in 2005 16.00%
Inflation in 2006 13.70%
Bs. 1 in 2005 Bs. 1.14 in 2006
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2005 to 2006

Our calculations use the following inflation rate formula to calculate the change in value between 2005 and 2006:

CPI in 2006CPI in 2005
×
2005 VEF value
=
2006 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 91962.73017 in the year 2005 and 104561.6242 in 2006:

104561.624291962.73017
×
Bs. 1
=
Bs. 1.14

Bs. 1 in 2005 has the same "purchasing power" or "buying power" as Bs. 1.14 in 2006.

To get the total inflation rate for the 1 years between 2005 and 2006, we use the following formula:

CPI in 2006 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

104561.6242 - 91962.7301791962.73017
×
100
=
14%

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 2006 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-2006.

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 2005 to 2006
Average inflation rate 13.70%
Converted amount
Bs. 1 base		 Bs. 1.14
Price difference
Bs. 1 base		 Bs. 0.14
CPI in 2005 91,962.730
CPI in 2006 104,561.624
Inflation in 2005 16.00%
Inflation in 2006 13.70%
Bs. 1 in 2005 Bs. 1.14 in 2006