Venezuelan inflation rate in 2007: 18.70%

Bs.

Inflation in 2007 and its effect on bolivar value

Bs. 1 in 2006 is equivalent in purchasing power to about Bs. 1.19 in 2007. The bolivar had an average inflation rate of 18.70% per year between 2006 and 2007, producing a cumulative price increase of 18.70%. Purchasing power decreased by 18.70% in 2007 compared to 2006. On average, you would have to spend 18.70% more money in 2007 than in 2006 for the same item.

This means that prices in 2007 are 1.19 times as high as average prices in 2006, according to the International Monetary Fund consumer price index.

The inflation rate in 2006 was 13.70%. The inflation rate in 2007 was 18.70%. The 2007 inflation rate is lower compared to the average inflation rate of 281.25% per year between 2007 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2007 was 124,114.65. It was 104,561.62 in the previous year, 2006. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 2006 to 2007
Average inflation rate 18.70%
Converted amount
Bs. 1 base		 Bs. 1.19
Price difference
Bs. 1 base		 Bs. 0.19
CPI in 2006 104,561.624
CPI in 2007 124,114.648
Inflation in 2006 13.70%
Inflation in 2007 18.70%
Bs. 1 in 2006 Bs. 1.19 in 2007
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2006 to 2007

Our calculations use the following inflation rate formula to calculate the change in value between 2006 and 2007:

CPI in 2007CPI in 2006
×
2006 VEF value
=
2007 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 104561.6242 in the year 2006 and 124114.6479 in 2007:

124114.6479104561.6242
×
Bs. 1
=
Bs. 1.19

Bs. 1 in 2006 has the same "purchasing power" or "buying power" as Bs. 1.19 in 2007.

To get the total inflation rate for the 1 years between 2006 and 2007, we use the following formula:

CPI in 2007 - CPI in 2006CPI in 2006
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

124114.6479 - 104561.6242104561.6242
×
100
=
19%

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 2007 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-2007.

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 2006 to 2007
Average inflation rate 18.70%
Converted amount
Bs. 1 base		 Bs. 1.19
Price difference
Bs. 1 base		 Bs. 0.19
CPI in 2006 104,561.624
CPI in 2007 124,114.648
Inflation in 2006 13.70%
Inflation in 2007 18.70%
Bs. 1 in 2006 Bs. 1.19 in 2007