Venezuelan inflation rate in 2014: 57.30%

Bs.

Inflation in 2014 and its effect on bolivar value

Bs. 1 in 2013 is equivalent in purchasing power to about Bs. 1.57 in 2014. The bolivar had an average inflation rate of 57.30% per year between 2013 and 2014, producing a cumulative price increase of 57.30%. Purchasing power decreased by 57.30% in 2014 compared to 2013. On average, you would have to spend 57.30% more money in 2014 than in 2013 for the same item.

This means that prices in 2014 are 1.57 times as high as average prices in 2013, according to the International Monetary Fund consumer price index.

The inflation rate in 2013 was 43.50%. The inflation rate in 2014 was 57.30%. The 2014 inflation rate is lower compared to the average inflation rate of 993.84% per year between 2014 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2014 was 908,064.77. It was 577,282.12 in the previous year, 2013. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 2013 to 2014
Average inflation rate 57.30%
Converted amount
Bs. 1 base		 Bs. 1.57
Price difference
Bs. 1 base		 Bs. 0.57
CPI in 2013 577,282.119
CPI in 2014 908,064.774
Inflation in 2013 43.50%
Inflation in 2014 57.30%
Bs. 1 in 2013 Bs. 1.57 in 2014
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2013 to 2014

Our calculations use the following inflation rate formula to calculate the change in value between 2013 and 2014:

CPI in 2014CPI in 2013
×
2013 VEF value
=
2014 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 577282.1194 in the year 2013 and 908064.7739 in 2014:

908064.7739577282.1194
×
Bs. 1
=
Bs. 1.57

Bs. 1 in 2013 has the same "purchasing power" or "buying power" as Bs. 1.57 in 2014.

To get the total inflation rate for the 1 years between 2013 and 2014, we use the following formula:

CPI in 2014 - CPI in 2013CPI in 2013
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

908064.7739 - 577282.1194577282.1194
×
100
=
57%

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 2014 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-2014.

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 2013 to 2014
Average inflation rate 57.30%
Converted amount
Bs. 1 base		 Bs. 1.57
Price difference
Bs. 1 base		 Bs. 0.57
CPI in 2013 577,282.119
CPI in 2014 908,064.774
Inflation in 2013 43.50%
Inflation in 2014 57.30%
Bs. 1 in 2013 Bs. 1.57 in 2014