Inflation rate of Venezuela (Bolivarian Republic of) soared by 80.90% from 186.5 % in 2022 to 337.5 % in 2023. Since the 32.55% slump in 2021, inflation rate plummeted by 78.76% in 2023.
The description is composed by our digital data assistant.Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data for inflation are averages for the year, not end-of-period data.
Live data and insights on Coronavirus around the world, including detailed statistics for the US, EU, and China — confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more.
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