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.

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Cape Verde Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.30 10.20 -4.40 1990 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 01:30 PM Mar 0% -0.7% -0.3%
2021-05-14 03:00 PM Apr 0% 0% 0.2%
2021-06-15 03:30 PM May 1.3% 0% 0.2%
2021-07-15 03:00 PM Jun 1.5% 1.3% 2%
2021-08-17 09:00 AM Jul 1.5%
2021-09-14 11:00 AM Aug
2021-10-14 11:00 AM Sep 1.4%
2021-11-16 01:30 PM Oct


News Stream
Cape Verde June Inflation Rate Continues to Increase
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.
2021-07-15
Cape Verde May Inflation Rate at Over 1-Year High
Consumer prices in Cape Verde surged 1.3 percent year-on-year in May of 2021, the most since April of 2020, after being flat in the previous month. Main upward pressure came from prices of alcoholic beverages & tobacco (10.5 percent vs 10.2 percent in April); transport (7.3 percent vs 4 percent); furnishings (6.2 percent vs 5.1 percent); communications (1.9 percent, the same pace as in April) and housing & utilities (1.4 percent, the same pace as in April). In addition, costs of food & non-alcoholic beverages fell less (-0.9 percent vs -2.5 percent). On a monthly basis, consumer prices went up 0.5 percent, following a 0.1 percent increase in the preceding month.
2021-06-16
Cape Verde Consumer Prices Flat in March
Consumer prices in Cape Verde were flat year-on-year in March of 2021, after decreasing 0.7 percent in the previous month. Prices rose mostly for alcoholic beverages & tobacco (10.1 percent vs 8.3 percent); transportation (3.9 percent vs 0.4 percent); furnishings (4.7 percent vs 4.4 percent) and communication (1.9 percent, the same pace as in February). Meanwhile, costs continued to fall primarily for food & non-alcoholic beverages (-3.3 percent vs -3.1 percent); clothing & footwear (-1.4 percent vs -5.8 percent) and miscellaneous & goods services (-1.7 percent vs -1.6 percent). On a monthly basis, consumer prices were up 0.7 percent, the biggest increase since December of 2016.
2021-04-15
Cape Verde CPI Falls for 3rd Month
Consumer prices in Cape Verde fell 0.7 percent year-on-year in February of 2021, after decreasing 0.9 percent in the previous month. It was the third straight month of deflation, mainly due to lower prices of clothing & footwear (-5.8 percent); food & non-alcoholic beverages (-3.1 percent); miscellaneous goods & services (-1.6 percent); education (-1.5 percent) and recreation 6 culture (-0.2 percent). On a monthly basis, consumer prices were up 0.3 percent, following a 0.3 percent drop in the preceding month.
2021-03-15

Cape Verde Inflation Rate
In Cape Verde, the three main components of the consumer price index are: Food and Non-Alcoholic Beverages (25.2 percent of total weight); Housing and Utilities (24.5 percent) and Transport (13 percent). Others include: Clothing and Footwear (7.2 percent); Miscellaneous Goods and Services (7 percent); Household Contents, Equipment and Maintenance (4.6 percent). Communication, Restaurants and Hotels, Recreation and Culture, Health, Education and Alcoholic Beverages and Tobacco account for the remaining 18.5 percent of total weight.