Venezuelan inflation rate in 2017: 254.90%

Bs.

Inflation in 2017 and its effect on bolivar value

Bs. 1 in 2016 is equivalent in purchasing power to about Bs. 3.55 in 2017. The bolivar had an average inflation rate of 254.90% per year between 2016 and 2017, producing a cumulative price increase of 254.90%. Purchasing power decreased by 254.90% in 2017 compared to 2016. On average, you would have to spend 254.90% more money in 2017 than in 2016 for the same item.

This means that prices in 2017 are 3.55 times as high as average prices in 2016, according to the International Monetary Fund consumer price index.

The inflation rate in 2016 was 254.40%. The inflation rate in 2017 was 254.90%. The 2017 inflation rate is lower compared to the average inflation rate of 2,795.91% per year between 2017 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2017 was 24,190,369.21. It was 6,816,108.54 in the previous year, 2016. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

⌃
Inflation from 2016 to 2017
Average inflation rate 254.90%
Converted amount
Bs. 1 base		 Bs. 3.55
Price difference
Bs. 1 base		 Bs. 2.55
CPI in 2016 6,816,108.541
CPI in 2017 24,190,369.210
Inflation in 2016 254.40%
Inflation in 2017 254.90%
Bs. 1 in 2016 Bs. 3.55 in 2017
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2016 to 2017

Our calculations use the following inflation rate formula to calculate the change in value between 2016 and 2017:

CPI in 2017CPI in 2016
×
2016 VEF value
=
2017 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 6816108.541 in the year 2016 and 24190369.21 in 2017:

24190369.216816108.541
×
Bs. 1
=
Bs. 3.55

Bs. 1 in 2016 has the same "purchasing power" or "buying power" as Bs. 3.55 in 2017.

To get the total inflation rate for the 1 years between 2016 and 2017, we use the following formula:

CPI in 2017 - CPI in 2016CPI in 2016
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

24190369.21 - 6816108.5416816108.541
×
100
=
255%

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 2017 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/Venezuela-inflation-rate-in-2017.

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 2016 to 2017
Average inflation rate 254.90%
Converted amount
Bs. 1 base		 Bs. 3.55
Price difference
Bs. 1 base		 Bs. 2.55
CPI in 2016 6,816,108.541
CPI in 2017 24,190,369.210
Inflation in 2016 254.40%
Inflation in 2017 254.90%
Bs. 1 in 2016 Bs. 3.55 in 2017