Consumer prices in Cape Verde advanced 1.5 percent year-on-year in June of 2021, the highest since March of 2020, after a 1.3 percent gain in the previous month. Prices rose faster for clothes & footwear (4.7 percent vs -0.4 percent) and furnishings (6.5 percent vs 6.2 percent) while inflation slowed for transport (6.8 percent vs 7.3 percent), housing & utilities (1.3 percent vs 1.5 percent) and alcoholic beverages & tobacco (10.4 percent vs 10.5 percent). On the other hand, costs for food & non-alcoholic beverages declined less (-0.7 percent vs -0.9 percent). On a monthly basis, consumer prices went up 0.2 percent, following a 0.5 percent rise in the preceding month. source: INE, Cape Verde
Inflation Rate in Cape Verde averaged 1.90 percent from 1990 until 2021, 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. This page provides the latest reported value for - Cape Verde Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Inflation Rate in Cape Verde is expected to be 1.40 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 2.00 in 12 months time. In the long-term, the Cape Verde Inflation Rate is projected to trend around 1.30 percent in 2022 and 1.00 percent in 2023, according to our econometric models.