Cost of food in Venezuela increased 1692.50 percent in September of 2020 over the same month in the previous year. source: Banco Central De Venezuela
Food Inflation in Venezuela averaged 15745.51 percent from 2009 until 2020, reaching an all time high of 371545.60 percent in February of 2019 and a record low of 17.89 percent in August of 2012. This page provides - Venezuela Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Food Inflation - values, historical data and charts - was last updated on October of 2020.
Food Inflation in Venezuela is expected to be 2400.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Venezuela to stand at 2800.00 in 12 months time. In the long-term, the Venezuela Food Inflation is projected to trend around 3300.00 percent in 2021 and 4900.00 percent in 2022, according to our econometric models.