The annual inflation rate in Cape Verde was at 1.5 percent in June 2019, unchanged from the previous month. Price rose further for food & non-alcoholic beverages (2.5 percent vs 1.2 percent in May); miscellaneous goods & services (2 percent vs 0.6 percent); furnishings (0.6 percent vs 0.5 percent); restaurants & hotels (6.9 percent vs 5.9 percent); recreation & culture (2 percent vs 1.1 percent); and alcoholic beverages & tobacco (7.1 percent vs 5.1 percent). Meanwhile, cost eased for housing & utilities (1.1 percent vs 2.3 percent); and health (1.8 percent vs 2.4 percent). Also, prices fell for transport (-1.4 percent vs 0.9 percent) and clothing & footwear (-0.8 percent vs 0.9 percent). On a monthly basis, consumer prices went up 0.6 percent, after a 0.5 percent gain in the prior month. Inflation Rate in Cape Verde averaged 2.02 percent from 1990 until 2019, reaching an all time high of 10.20 percent in October of 2008 and a record low of -4.40 percent in February of 2004.
Inflation Rate in Cape Verde is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Cape Verde to stand at 1.80 in 12 months time. In the long-term, the Cape Verde Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.