Inflation & Prices

Venezuela Inflation Soars Above 500% as Trump Steps Up Pressure

An attendant counts US dollar bills at a Petroleos de Venezuela (PDVSA) gas station in Caracas, Venezuela, on Dec. 17.Photographer: Bloomberg

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By Bloomberg News

December 17, 2025 at 5:37 PM UTC

Venezuelan inflation is skyrocketing as US President Donald Trump ratchets up his campaign to financially isolate the socialist regime in Caracas.

The inflation rate soared to 556% in the 12 months through Dec. 17, up from 219% at the end of June and 45% in 2024, according to a weekly index compiled by Bloomberg News.