The annual inflation rate in Cape Verde surged to 3.8 percent in October of 2021, from 2.4 percent in the previous month, reaching its highest point since January of 2013. Main upward pressure came from prices of transport (8 percent vs 8.4 percent in September); clothing & footwear (10.9 percent vs 6 percent); and furnishings (5.3 percent vs 4.6 percent). Costs also increased significantly for food & non-alcoholic beverages (3.3 percent vs 2.4 percent); housing & utilities (3.8 percent vs 1.7 percent); and alcoholic beverages & tobacco (4.9 percent vs 5.5 percent). On a monthly basis, consumer prices inched up 0.9 percent, following a 0.3 percent increase in September, mainly driven by prices of housing & utilities (2.2 percent vs 0.1 percent) and food & non-alcoholic beverages (0.7 percent vs 0.8 percent). source: INE, Cape Verde

Inflation Rate in Cape Verde averaged 1.91 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 December of 2021.

Inflation Rate in Cape Verde is expected to be 3.00 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 1.30 percent in 2022 and 1.20 percent in 2023, according to our econometric models.

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Cape Verde Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-14 02:00 PM Sep 2.7% 2.4% 1.4%
2021-11-16 01:40 PM Oct 3.8% 2.7% 2.9%
2021-12-14 11:30 AM Nov 3.8% 4%


Related Last Previous Unit Reference
Inflation Rate 3.80 2.70 percent Oct/21
Food Inflation 3.30 2.40 percent Oct/21
Consumer Price Index CPI 105.52 104.55 points Oct/21
Inflation Rate Mom 1.00 0.30 percent Oct/21
CPI Transportation 109.85 110.19 points Oct/21
CPI Housing Utilities 104.19 101.92 points Oct/21
Core Inflation Rate 2.50 1.90 percent Sep/21
Core Consumer Prices 105.30 104.90 points Sep/21

News Stream
Cape Verde Inflation Highest since 2013
The annual inflation rate in Cape Verde surged to 3.8 percent in October of 2021, from 2.4 percent in the previous month, reaching its highest point since January of 2013. Main upward pressure came from prices of transport (8 percent vs 8.4 percent in September); clothing & footwear (10.9 percent vs 6 percent); and furnishings (5.3 percent vs 4.6 percent). Costs also increased significantly for food & non-alcoholic beverages (3.3 percent vs 2.4 percent); housing & utilities (3.8 percent vs 1.7 percent); and alcoholic beverages & tobacco (4.9 percent vs 5.5 percent). On a monthly basis, consumer prices inched up 0.9 percent, following a 0.3 percent increase in September, mainly driven by prices of housing & utilities (2.2 percent vs 0.1 percent) and food & non-alcoholic beverages (0.7 percent vs 0.8 percent).
2021-11-16
Cape Verde Inflation Rate Highest Since 2013
The annual inflation rate in Cape Verde climbed to 2.7 percent in September of 2021 from 2.4 percent in August, reaching its highest level since February of 2013. Main upward pressure came from prices of transport (8.4 percent vs 9 percent in August); clothing & footwear (6 percent vs 2.8 percent); alcoholic beverages & tobacco (5.5 percent vs 6.9 percent); furnishings (4.6 percent vs 4.7 percent). Costs also went up for food & non-alcoholic beverages (2.4 percent vs 2.2 percent); housing & utilities (1.7 percent vs 1.4 percent); and recreation & culture (0.5 percent vs -0.1 percent). On a monthly basis, consumer prices rose 0.3 percent, slowing from a 0.8 percent rise in the month prior, as inflation eased for transport (0.1 percent vs 3 percent) and food & non-alcoholic beverages (0.8 percent vs 1 percent).
2021-10-14
Cape Verde August Inflation Rate at Near 8-1/2-Year High
The annual inflation rate in Cape Verde surged to 2.4 percent in August of 2021 from 1.6 percent in July, reaching its highest level since March of 2013. Main upward pressure came from prices of transport (9 percent vs 5.3 percent in July), alcoholic beverages & tobacco (6.9 percent vs 10.1 percent); furnishings (4.7 percent vs 6.3 percent); clothing & footwear (2.8 percent vs 3 percent) and food & non-alcoholic beverages (2.2 percent vs 0.6 percent). On a monthly basis, consumer prices increased 0.8 percent, the most since December of 2019, mostly due to higher prices of transport (3 percent vs 1.7 percent) and food & non-alcoholic beverages (1 percent vs 0.5 percent).
2021-09-14

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.