Venezuela's annual inflation rate fell to 1.62 million percent in March of 2019 from 2.30 million percent in February, according to estimates from Venezuela's opposition-led congress. It is the lowest annual inflation rate since November. Inflation Rate in Venezuela averaged 21261.89 percent from 1973 until 2019, reaching an all time high of 2688670 percent in January of 2019 and a record low of 3.22 percent in February of 1973. In Venezuela, the main components of the consumer price index are: Food and Noon-Alcoholic Beverages (32.2 percent of the total weight); Transports (10.8 percent) and House Rental (9.8 percent). Restaurants and Hotels account for 8.8 percent; Clothing and Footwear for 7.2 percent; Miscellaneous Goods and Services for 5.8 percent and Household Equipment for 5.6 percent. Others include: Health Care (4.3 percent); Communications (3.8 percent); Leisure and Culture (3.6 percent); Alcoholic Beverages and Tobacco (3 percent); Education (2.7 percent) and Household Services (2.3 percent). The national index has a base of 100 as of December 2007. The CPI covers 10 metropolitan areas, plus 74 other localities in the rest of the country. This page provides - Venezuela Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.Read full news