The annual inflation rate in Cape Verde fell to 0.3 percent in May of 2020 from 1.3 percent in April, reaching its lowest level since December of 2017. Prices slowed mostly for food & non-alcoholic beverages (2.6 percent vs 4.4 percent); alcoholic beverages & tobacco (2.1 percent vs 3.4 percent); furnishings (0.3 percent vs 1.3 percent); health (5.5 percent vs 7.3 percent); restaurants & hotels (4.9 percent vs 5.5 percent) and recreation & culture (0.6 percent vs 1 percent). In addition, lower costs were observed for transport (-2.3 percent vs -0.7 percent); housing & utilities (-1.8 percent vs -1.7 percent); communication (-1.4 percent vs -1.3 percent) and clothing & footwear (-0.8 percent vs 0.2 percent). On a monthly basis, consumer prices were down 0.5 percent, after dropping 0.3 percent in the previous month.

Inflation Rate in Cape Verde averaged 1.99 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 July of 2020.

Inflation Rate in Cape Verde is expected to be -0.10 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 1.40 in 12 months time. In the long-term, the Cape Verde Inflation Rate is projected to trend around 1.70 percent in 2021 and 1.60 percent in 2022, according to our econometric models.

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Cape Verde Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.30 10.20 -4.40 1990 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-13 11:00 AM Feb 1.9% 1.7% 1.3%
2020-04-15 02:30 PM Mar 1.6% 1.9% 1.6%
2020-05-15 03:00 PM Apr 1.3% 1.6% 1.4%
2020-06-15 11:00 AM May 0.3% 1.3% 1.5%
2020-07-14 11:00 AM Jun 1.3% -0.1%
2020-08-17 11:00 AM Jul
2020-09-14 11:00 AM Aug
2020-10-14 11:00 AM Sep 1.5%


News Stream
Cape Verde Inflation Rate Nears 2-1/2-Year Low of 0.3%
The annual inflation rate in Cape Verde fell to 0.3 percent in May of 2020 from 1.3 percent in April, reaching its lowest level since December of 2017. Prices slowed mostly for food & non-alcoholic beverages (2.6 percent vs 4.4 percent); alcoholic beverages & tobacco (2.1 percent vs 3.4 percent); furnishings (0.3 percent vs 1.3 percent); health (5.5 percent vs 7.3 percent); restaurants & hotels (4.9 percent vs 5.5 percent) and recreation & culture (0.6 percent vs 1 percent). In addition, lower costs were observed for transport (-2.3 percent vs -0.7 percent); housing & utilities (-1.8 percent vs -1.7 percent); communication (-1.4 percent vs -1.3 percent) and clothing & footwear (-0.8 percent vs 0.2 percent). On a monthly basis, consumer prices were down 0.5 percent, after dropping 0.3 percent in the previous month.
2020-06-15
Cape Verde April Inflation Rate at 5-Month Low of 1.3%
The annual inflation rate in Cape Verde dropped to 1.3% in April of 2020 from 1.6% in the previous month. It was the lowest inflation rate since last November, as prices continued to slow down for furnishings (1.3% vs 1.6% in March); alcoholic beverages & tobacco (3.4% vs 3.6%) and recreation & culture (1% vs 1.2%). Concomitantly, lower costs were recorded for transport (-0.7% vs 1.7%); housing & utilities (-1.7% vs -0.7%) and communications (-1.3% vs -1.4%). In contrast, prices rose faster for food & non-alcoholic beverages (4.4% vs 4.2%); heath (7.3% vs 6.4%); restaurants & hotels (5.5% vs 5%) and miscellaneous goods & services (1.9% vs 1.2%). On a monthly basis, consumer prices were down 0.3%, after being flat in the previous month.
2020-05-15
Cape Verde March Inflation Rate at 4-Month Low of 1.6%
The annual inflation rate in Cape Verde fell to 1.6% in March of 2020 from 1.9% in the previous month. It was the lowest rate since last November, amid slowing prices of transport (1.7% vs 2.7% in February); furnishings (1.6% vs 2.3%) and alcoholic beverages & tobacco (3.6% vs 3.8%). In addition, costs went down for communications (-1.4%, the same pace as February); housing & utilities (-0.7% vs 0.5%) and clothing & footwear (-0.3% vs 0.3%). In contrast, inflation quickened mostly for health (6.4% vs 4.3%); food & non-alcoholic beverages (4.2% vs 3.7%) and restaurants & hotels (5% vs 4.8%). On a monthly basis, consumer prices were flat, after edging up 0.1% in the previous month.
2020-04-15
Cape Verde Inflation Rate Edges Up to 1.9% in February
The annual inflation rate in Cape Verde rose to 1.9 percent in February of 2020 from 1.7 percent in the prior month. Main upward pressure came from prices of food & non-alcoholic beverages (3.7 percent vs 3.5 percent in January); housing & utilities (0.5 percent vs 0.3 percent); transport (2.7 percent vs 2.2 percent); furnishings (2.3 percent vs 0.7 percent) and clothing & footwear (0.3 percent vs -0.2 percent). On a monthly basis, consumer prices edged up 0.1 percent, after decreasing 0.3 percent in the previous month.
2020-03-13

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.