The annual inflation rate in Cape Verde picked up to 9% in July of 2022, the highest since October of 2008, from 8.2% in June. Upward pressure came mostly from prices of food and non-alcoholic beverages (16.7% vs 16.2% in June); transport (13.5% vs 13.9%); and alcoholic beverages & tobacco (11.9% vs 12.3%) and health (9.5% vs 8.2%). Compared to the previous month, consumer prices increased by 1.2%, up from a 0.6% rise in the previous month. source: INE, Cape Verde
Inflation Rate in Cape Verde averaged 2.07 percent from 1990 until 2022, 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 August of 2022.
Inflation Rate in Cape Verde is expected to be 7.50 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 3.00 percent in 2023 and 2.10 percent in 2024, according to our econometric models.