Consumer prices in Cape Verde were flat year-on-year in March of 2021, after decreasing 0.7 percent in the previous month. Prices rose mostly for alcoholic beverages & tobacco (10.1 percent vs 8.3 percent); transportation (3.9 percent vs 0.4 percent); furnishings (4.7 percent vs 4.4 percent) and communication (1.9 percent, the same pace as in February). Meanwhile, costs continued to fall primarily for food & non-alcoholic beverages (-3.3 percent vs -3.1 percent); clothing & footwear (-1.4 percent vs -5.8 percent) and miscellaneous & goods services (-1.7 percent vs -1.6 percent). On a monthly basis, consumer prices were up 0.7 percent, the biggest increase since December of 2016. 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 April of 2021.

Inflation Rate in Cape Verde is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Cape Verde to stand at 1.50 in 12 months time. In the long-term, the Cape Verde Inflation Rate is projected to trend around 1.30 percent in 2022 and 1.60 percent in 2023, according to our econometric models.

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Cape Verde Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.70 10.20 -4.40 1990 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 11:00 AM Dec -0.9% 0.1% -0.2%
2021-02-16 11:30 AM Jan -0.9% -0.9% -0.7%
2021-03-15 11:00 AM Feb -0.7% -0.9% -1.2%
2021-04-15 01:30 PM Mar 0% -0.7% -0.3%
2021-05-14 03:00 PM Apr 0%
2021-06-15 11:00 AM May
2021-07-14 01:00 PM Jun
2021-08-17 09:00 AM Jul


News Stream
Cape Verde Consumer Prices Flat in March
Consumer prices in Cape Verde were flat year-on-year in March of 2021, after decreasing 0.7 percent in the previous month. Prices rose mostly for alcoholic beverages & tobacco (10.1 percent vs 8.3 percent); transportation (3.9 percent vs 0.4 percent); furnishings (4.7 percent vs 4.4 percent) and communication (1.9 percent, the same pace as in February). Meanwhile, costs continued to fall primarily for food & non-alcoholic beverages (-3.3 percent vs -3.1 percent); clothing & footwear (-1.4 percent vs -5.8 percent) and miscellaneous & goods services (-1.7 percent vs -1.6 percent). On a monthly basis, consumer prices were up 0.7 percent, the biggest increase since December of 2016.
2021-04-15
Cape Verde CPI Falls for 3rd Month
Consumer prices in Cape Verde fell 0.7 percent year-on-year in February of 2021, after decreasing 0.9 percent in the previous month. It was the third straight month of deflation, mainly due to lower prices of clothing & footwear (-5.8 percent); food & non-alcoholic beverages (-3.1 percent); miscellaneous goods & services (-1.6 percent); education (-1.5 percent) and recreation 6 culture (-0.2 percent). On a monthly basis, consumer prices were up 0.3 percent, following a 0.3 percent drop in the preceding month.
2021-03-15
Cape Verde January Inflation Rate Unchanged at -0.9%
Consumer prices in Cape Verde decreased 0.9 percent year-on-year in January of 2021 the same as in the previous month. It was the second straight month of deflation, attributed to lower prices of clothing & footwear (-7 percent vs -9 percent in December); food & non-alcoholic beverages (-3 percent vs -2.6 percent); transport (-0.7 percent vs -1.4 percent) miscellaneous goods & services (-1.5 percent vs -1.4 percent); and education (-1.4 percent vs -1.2 percent). On a monthly basis, consumer prices were down 0.3 percent, after a 0.1 percent decreased in the previous month.
2021-02-16
Cape Verde CPI Falls 0.9% YoY in December
Consumer prices in Cape Verde decreased 0.9 percent year-on-year in December of 2020, following a 0.1 percent increase in the previous month. It was the first month of deflation since June, attributed to lower prices of clothing & footwear (-9 percent vs -7.4 percent in November); food & non-alcoholic beverages & tobacco (-2.6 percent vs -0.2 percent); miscellaneous goods & services (-1.4 percent vs -1.6 percent); transport (-1.4 percent vs -0.1 percent) and education (-1.2 percent, the same pace as in November). On a monthly basis, consumer prices were down 0.1 percent, the same as in each of the previous two months.
2021-01-17

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.