Venezuelan inflation rate in 2012: 21.10%

Bs.

Inflation in 2012 and its effect on bolivar value

Bs. 1 in 2011 is equivalent in purchasing power to about Bs. 1.21 in 2012. The bolivar had an average inflation rate of 21.10% per year between 2011 and 2012, producing a cumulative price increase of 21.10%. Purchasing power decreased by 21.10% in 2012 compared to 2011. On average, you would have to spend 21.10% more money in 2012 than in 2011 for the same item.

This means that prices in 2012 are 1.21 times as high as average prices in 2011, according to the International Monetary Fund consumer price index.

The inflation rate in 2011 was 26.10%. The inflation rate in 2012 was 21.10%. The 2012 inflation rate is lower compared to the average inflation rate of 603.66% per year between 2012 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2012 was 402,287.19. It was 332,194.21 in the previous year, 2011. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 2011 to 2012
Average inflation rate 21.10%
Converted amount
Bs. 1 base		 Bs. 1.21
Price difference
Bs. 1 base		 Bs. 0.21
CPI in 2011 332,194.212
CPI in 2012 402,287.191
Inflation in 2011 26.10%
Inflation in 2012 21.10%
Bs. 1 in 2011 Bs. 1.21 in 2012
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2011 to 2012

Our calculations use the following inflation rate formula to calculate the change in value between 2011 and 2012:

CPI in 2012CPI in 2011
×
2011 VEF value
=
2012 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 332194.2124 in the year 2011 and 402287.1912 in 2012:

402287.1912332194.2124
×
Bs. 1
=
Bs. 1.21

Bs. 1 in 2011 has the same "purchasing power" or "buying power" as Bs. 1.21 in 2012.

To get the total inflation rate for the 1 years between 2011 and 2012, we use the following formula:

CPI in 2012 - CPI in 2011CPI in 2011
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

402287.1912 - 332194.2124332194.2124
×
100
=
21%

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 2012 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-2012.

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 2011 to 2012
Average inflation rate 21.10%
Converted amount
Bs. 1 base		 Bs. 1.21
Price difference
Bs. 1 base		 Bs. 0.21
CPI in 2011 332,194.212
CPI in 2012 402,287.191
Inflation in 2011 26.10%
Inflation in 2012 21.10%
Bs. 1 in 2011 Bs. 1.21 in 2012