The annual inflation rate in Cape Verde quickened to a near 14-year high of 7.8 percent in May of 2022, up from 7.6 percent in the previous month. Upward pressure came mostly from prices of food & non-alcoholic beverages (15.2 percent vs 15.8 percent in April); transportation (12.8 percent vs 11.4 percent); alcoholic beverages & tobacco (10.8 percent vs 9.8 percent) and health (8.9 percent vs 8.5 percent). On a monthly basis, consumer prices inched up by 0.7 percent, following a 0.1 percent uptick in the previous month. source: INE, Cape Verde
Inflation Rate in Cape Verde averaged 2.03 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 July of 2022.
Inflation Rate in Cape Verde is expected to be 7.00 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 3.00 percent in 2023 and 2.10 percent in 2024, according to our econometric models.