The annual inflation rate in Cape Verde rose to 0.8 percent in September of 2020 from 0.1 percent in the previous month, reaching its highest level since April. Main upward pressure came from prices of alcoholic beverages & tobacco (6.4 percent vs 5.5 percent in August); food & non-alcoholic beverages (1.3 percent vs 0.3 percent); housing & utilities (1.7 percent vs -0.6 percent) and transport (1.5 percent vs -1.3 percent). On a monthly basis, consumer prices remained flat for a second straight month.

Inflation Rate in Cape Verde averaged 1.96 percent from 1990 until 2020, 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 October of 2020.

Inflation Rate in Cape Verde is expected to be 0.80 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 0.60 in 12 months time. In the long-term, the Cape Verde Inflation Rate is projected to trend around 1.10 percent in 2021 and 1.30 percent in 2022, according to our econometric models.

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Cape Verde Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.10 10.20 -4.40 1990 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-14 01:00 PM Jun -0.2% 1.3% -0.1%
2020-08-17 09:00 AM Jul 0.3% -0.2% 0.5%
2020-09-14 11:00 AM Aug 0.1% 0.3% -0.1%
2020-10-14 11:00 AM Sep 0.8% 0.1% 0.3%
2020-11-13 11:00 AM Oct 0.8%
2020-12-14 11:30 AM Nov


News Stream
Cape Verde September Inflation Rate Hits 5-Month High
The annual inflation rate in Cape Verde rose to 0.8 percent in September of 2020 from 0.1 percent in the previous month, reaching its highest level since April. Main upward pressure came from prices of alcoholic beverages & tobacco (6.4 percent vs 5.5 percent in August); food & non-alcoholic beverages (1.3 percent vs 0.3 percent); housing & utilities (1.7 percent vs -0.6 percent) and transport (1.5 percent vs -1.3 percent). On a monthly basis, consumer prices remained flat for a second straight month.
2020-10-14
Cape Verde Inflation Rate Slows to 0.1% in August
Consumer prices in Cape Verde edged up 0.1 percent year-on-year in August of 2020, following a 0.3 percent rise in the prior month. Prices slowed mostly for food & non-alcoholic beverages (0.3 percent vs 0.7 percent in July) and miscellaneous goods & services (0.2 percent vs 0.8 percent). In addition, costs decreased for transport (-1.3 percent vs 1.2 percent); communications (-0.4 percent vs 0.6 percent); clothing & footwear (-2 percent vs -2.8 percent) and housing & utilities (-0.6 percent vs -1 percent). On a monthly basis, consumer prices were flat, after increasing 0.4 percent in the previous month.
2020-09-14
Cape Verde Consumer Prices Rebound in July
Consumer prices in Cape Verde increased 0.3 percent year-on-year in July of 2020, following a 0.2 percent drop in the prior month. Prices rebounded for transport (1.2 percent vs -2.8 percent in June); furnishings (0.3 percent vs -0.1 percent) and communications (0.6 percent vs -1.4 percent). Meanwhile, inflation slowed for food & non-alcoholic beverages (0.7 percent vs 1.8 percent); health (5.1 percent vs 5.8 percent); recreation & culture (0.6 percent vs 0.8 percent); hotels, cafes and restaurants (3 percent vs 3.5 percent) and miscellaneous goods & services (0.8 percent vs 1.4 percent). On a monthly basis, consumer prices inched up 0.4 percent, after being flat in the preceding month.
2020-08-17
Cape Verde Consumer Prices Drop for 1st Time since 2017
Consumer prices in Cape Verde went down 0.2 percent year-on-year in June of 2020, after increasing 0.3 percent in the previous month. It was the first month of deflation since January of 2017, mainly due to lower prices of clothing & footwear (-4.7 percent vs -0.8 percent in May); transport (-2.8 percent vs -2.3 percent); housing & utilities (-1.5 percent vs -1.8 percent) and communications (-1.4 percent, the same pace as in May). In addition, inflation slowed for food & non-alcoholic beverages (1.8 percent vs 2.6 percent) and restaurants & hotels (3.5 percent vs 4.9 percent). On a monthly basis, consumer prices were flat, following a 0.5 percent decrease in the previous month.
2020-07-14

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.