Venezuela
Compared with Australia, using real observed prices.
Baseline: 
Australia = 1×
Venezuela
vs
Australia
Overall verdict
Venezuela is about 0.12× Australia.
Average across 3 categories, 4 items with data
The shape of prices (vs Australia = 1×)
How to read this
The centre line is Australia. A bar running right means Venezuela is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than Australia
Australia = 1×
Venezuela is pricier →
Australia
Australia = 1×
Venezuela is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Venezuela, Big Mac costs 0.7× what it does in Australia — but Diesel 1L costs only 0.0×. What is expensive here is labour, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Big Mac 1 burger ×0.71Venezuela
A$6.04
VES 1,370Australia
A$8.50
AUD 8.5
-
Electricity 1kWh (household) 1 kWh ×0.27Venezuela
A$0.10
USD 0.069Australia
A$0.37
USD 0.259
-
Gasoline 1L 1 L ×0.03Venezuela
A$0.05
USD 0.035Australia
A$1.80
USD 1.239
-
Diesel 1L 1 L ×0.00Venezuela
A$0.01
USD 0.004Australia
A$2.06
USD 1.421
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
-100%
in VES
16020000 → 1370
16020000 → 1370
vs
At today's rateUsing today's exchange rate
0%
in AUD
It rose -100% in local currency, but 0% in yours. Most of what you feel is the exchange rate, not Venezuela's inflation.
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