The annual inflation rate in Cape Verde rose to 0.8% in May 2026 from 0.3% in the previous month, which marked the lowest reading since March 2024. Upward pressure came mainly from transportation (3.4% vs 0.8% in April), alcoholic beverages and tobacco (3.9% vs 3.8%), and food and non-alcoholic beverages (0.8% vs 0.2%). Additionally, deflation eased in housing and utilities (-3.8% vs -4.2%). Meanwhile, price growth slowed in furnishings and household equipment (6.2% vs 6.7%), clothing and footwear (4.2% vs 4.7%), health (2.9% vs 3.1%), recreation and culture (1.3% vs 1.5%), education (0.2% vs 0.3%), hotels, restaurants and cafés (3.5% vs 3.9%), and miscellaneous goods and services (0.6% vs 1.3%), while communication costs declined (-0.3% vs 0.1%). On a monthly basis, the CPI rose 0.5%, following gains of 0.1% in each of the previous two months. source: INE, Cape Verde

Inflation Rate in Cape Verde increased to 0.80 percent in May from 0.30 percent in April of 2026. Inflation Rate in Cape Verde averaged 2.17 percent from 1990 until 2026, 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 June of 2026.

Inflation Rate in Cape Verde increased to 0.80 percent in May from 0.30 percent in April of 2026. Inflation Rate in Cape Verde is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Inflation Rate is projected to trend around 0.70 percent in 2027 and 1.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-15 11:40 AM
Inflation Rate YoY
Apr 0.3% 0.7% 1.0%
2026-06-17 04:00 AM
Inflation Rate YoY
May 0.8% 0.3% 0.7%
2026-07-15 10:00 AM
Inflation Rate YoY
Jun 0.8% 0.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 120.33 119.78 points May 2026
Core Consumer Prices 120.90 120.60 points May 2026
Core Inflation Rate 1.30 1.40 percent May 2026
CPI Housing Utilities 106.71 106.69 points May 2026
CPI Transportation 123.04 120.28 points May 2026
Food Inflation 0.80 0.20 percent May 2026
Inflation Rate YoY 0.80 0.30 percent May 2026
Inflation Rate MoM 0.50 0.10 percent May 2026


Cape Verde Inflation Rate
In Cape Verde, the three main components of the consumer price index are: Food and Non-Alcoholic Beverages (25 percent of total weight); Housing and Utilities (25 percent) and Transport (13 percent). Others include: Clothing and Footwear (7 percent); Miscellaneous Goods and Services (7 percent); Household Contents, Equipment and Maintenance (5 percent). Communication, Restaurants and Hotels, Recreation and Culture, Health, Education and Alcoholic Beverages and Tobacco account for the remaining 19 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.30 10.20 -4.40 1990 - 2026 percent Monthly
2018=100

News Stream
Cape Verde Inflation Rate Rises from 2-Year Low
The annual inflation rate in Cape Verde rose to 0.8% in May 2026 from 0.3% in the previous month, which marked the lowest reading since March 2024. Upward pressure came mainly from transportation (3.4% vs 0.8% in April), alcoholic beverages and tobacco (3.9% vs 3.8%), and food and non-alcoholic beverages (0.8% vs 0.2%). Additionally, deflation eased in housing and utilities (-3.8% vs -4.2%). Meanwhile, price growth slowed in furnishings and household equipment (6.2% vs 6.7%), clothing and footwear (4.2% vs 4.7%), health (2.9% vs 3.1%), recreation and culture (1.3% vs 1.5%), education (0.2% vs 0.3%), hotels, restaurants and cafés (3.5% vs 3.9%), and miscellaneous goods and services (0.6% vs 1.3%), while communication costs declined (-0.3% vs 0.1%). On a monthly basis, the CPI rose 0.5%, following gains of 0.1% in each of the previous two months.
2026-06-17
Cape Verde Inflation Rate Ticks Up to 0.7%
The annual inflation rate in Cape Verde came in at 0.7% in March 2026, up slightly from 0.6% in February, which was the lowest reading since March 2024. Upward pressure came mostly from clothing and footwear (8.4% vs 8.2% in February); furnishings and household equipment (6.7% vs 6.6%); alcoholic beverages and tobacco (6.2% vs 3.8%); hotels, restaurants and cafés (6.2% vs 6.1%) and health (3.4% vs 2.4%). Meanwhile, prices slowed for food & non-alcoholic beverages (1.6% vs 2.5%) and miscellaneous goods & services (1.5% vs 2.3%). At the same time, decreases were seen for housing & utilities (-4.8% vs -4.8%) and transportation (-1.5% vs -3.6%). The government recently approved exceptional measures to curb rising fuel prices amid the economic impact of the US–Iran conflict, including suspending the automatic pricing mechanism until June 30 and capping gasoline and diesel price increases at up to 8%. On a monthly basis, the CPI rose by 0.1%, after a 0.2% decrease in the prior month.
2026-04-15
Cape Verde Inflation Rate Hits Near 2-Year Low
The annual inflation rate fell for the second month to 0.6% in February 2026, marking the softest reading since March 2024. It compares with 1.4% in January. Price growth moderated for restaurants & hotels (6.1% vs 9% in January); food & non-alcoholic beverages (2.5% vs 3.7%); alcoholic beverages & tobacco (3.8% vs 5.8%); furnishings & household equipment (6.6% vs 8.4%) and miscellaneous goods & services (2.3% vs 2.7%). Additionally, prices decreased faster for housing & utilities (-4.8% vs -4.5%) and transportation (-3.6% vs -1.5%). On a monthly basis, the CPI fell by 0.2%, after a 1.7% decline in the prior month.
2026-03-19