Cape Verde Inflation Rate Ticks Up to 0.7%

2026-04-15 14:02 By Luisa Carvalho 1 min. read

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.



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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
Cape Verde Inflation Rate Falls to Over 1-Year Low
The annual inflation rate in Cape Verde cooled down to 1.4% in January, the lowest since December 2024, from 3.3% in the prior month. Price growth moderated mostly for food and non-alcoholic beverages (3.7% vs 5.8% in December); restaurants & hotels (9% vs 9.9%) and clothing and footwear (6.9% vs 10.5%). Moreover, housing and utilities (-4.5% vs 0%) and transportation (-1.5% vs -0.7%) costs fell. On the other hand, prices picked up for furnishing & household equipment (8.4% vs 4.6%). On a monthly basis, the CPI decreased by 1.7%, after a 1% rise in the previous month.
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