# Venezuelan inflation rate in 2020: 0.00%

\$

## Inflation in 2020 and its effect on bolivar value

\$1 in 2019 is equivalent in purchasing power to about \$1 today. The bolivar had an average inflation rate of 0.00% in the last 12 months. As a result, the real value of a bolivar has been decreasing recently. Purchasing power decreased by 0.00% in 2020 compared to 2019. On average, you would have to spend 0.00% more money in 2020 than in 2019 for the same item.

The 2019 inflation rate was 1370001.05%. The current year-over-year inflation rate (2019 to 2020) is now 0.00%1. If this number holds, the rate of inflation is so negligible that \$1 today will roughly maintain its value.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2020 is 15,194,100,000,000,000.00. It was 15,194,100,000,000,000.00 in the previous year, 2019. The difference in CPI between the years is used by the International Monetary Fund to officially determine inflation.

 Average inflation rate 0.00% Converted amount (\$1 base) \$1 Price difference (\$1 base) \$0.00 CPI in 2019 15,194,100,000,000,000.000 CPI in 2020 15,194,100,000,000,000.000 Inflation in 2019 1,370,001.05% Inflation in 2020 0.00% \$1 in 2019 \$1 in 2020

VEF Inflation since 1979
Annual Rate, the International Monetary Fund CPI

## How to Calculate Inflation Rate for \$1 since 2019

Our calculations use the following inflation rate formula to calculate the change in value between 2019 and today:

CPI today CPI in 2019
×
2019 VEF value
=
Today's value

Then plug in historical CPI values. The Venezuelan CPI was 15194100000000000 in the year 2019 and 15194100000000000 in 2020:

1519410000000000015194100000000000
×
\$1
=
\$1

\$1 in 2019 has the same "purchasing power" or "buying power" as \$1 in 2020.

To get the total inflation rate for the 1 years between 2019 and 2020, we use the following formula:

CPI in 2020 - CPI in 2019CPI in 2019
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

15194100000000000 - 1519410000000000015194100000000000
×
100
=
0%

## 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 2020 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 16 Sep. 2021, https://www.officialdata.org/Venezuela-inflation-rate-in-2020.

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.

#### 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.

 Average inflation rate 0.00% Converted amount (\$1 base) \$1 Price difference (\$1 base) \$0.00 CPI in 2019 15,194,100,000,000,000.000 CPI in 2020 15,194,100,000,000,000.000 Inflation in 2019 1,370,001.05% Inflation in 2020 0.00% \$1 in 2019 \$1 in 2020