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.

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Cape Verde Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 11:00 AM Apr 7.6% 7.6% 8%
2022-06-17 11:00 AM May 7.8% 7.6% 7.4%
2022-07-15 11:00 AM Jun 7.8%


Related Last Previous Unit Reference
Inflation Rate 7.80 7.60 percent May 2022
Food Inflation 15.20 15.80 percent May 2022
Inflation Rate Mom 0.70 0.10 percent May 2022
Consumer Price Index CPI 110.70 109.97 points May 2022
CPI Transportation 118.02 115.17 points May 2022
CPI Housing Utilities 105.43 105.40 points May 2022
Core Inflation Rate 5.90 5.90 percent Apr 2022
Core Consumer Prices 109.10 109.30 points Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.80 7.60 10.20 -4.40 1990 - 2022 percent Monthly
2018=100

News Stream
Cape Verde May Inflation Rate at Near 14-Year High
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.
2022-06-17
Cape Verde Inflation Rate Steady at Over 13-Year High
The annual inflation rate in Cape Verde stood at an over 13-year high of 7.6 percent in April of 2022, unchanged from the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (15.8 percent); transportation (11.4 percent); alcoholic beverages & tobacco (9.8 percent) and health (8.5 percent). On a monthly basis, consumer prices went up 0.1 percent, easing sharply from a 1.2 percent rise in the previous month.
2022-05-17
Cape Verde March Inflation Rate Highest since 2008
The annual inflation rate in Cape Verde accelerated for the 11th straight month to 7.6 percent in March of 2022, from 7.1 percent in the prior month. That was the highest rate since November of 2008, underpinned by prices of food & non-alcoholic beverages (16.5 percent vs 11.6 percent in February), household equipment and furnishings (4.2 percent vs 3.8 percent), health (7.9 percent vs 6.7 percent); and leisure, recreation and culture ( 4.4 percent vs 3.9 percent). On a monthly basis, consumer prices surged 1.2 percent following a 0.7 percent rise in the previous month.
2022-04-18