Method: Calculating Inflation in Venezuela

That equates to 55.27 percent inflation for November, or an astounding 19,633 percent per year. On this basis, the Venezuelan bolívar has exceeded the 50 percent rule-of-thumb threshold for hyperinflation in a month. One should note that the data is not seasonally adjusted, and that should temper the implication that the rate will remain this high. In saying that, Venezuela has been verging on hyperinflation for the past couple of years, and it exceeded an annual rate of 300 percent over a year ago. The pressure towards ever-higher levels of inflation has been building for a considerable period of time. More...