The annual inflation rate in Cape Verde picked up to 1.9 percent in December 2019 from 0.7 percent in November 2019, reaching its highest level since July 2018. Main upward pressure came from prices of food & non-alcoholic beverages (4.3 percent vs 2 percent in November); restaurants & hotels (8 percent vs 8.2 percent); alcoholic beverages & tobacco (7.2 percent vs 6.7 percent); transport (0.3 percent vs -2 percent) and health (3.7 percent vs 3.1 percent). Conversely, cost fell for housing & utilities (-0.1 percent vs -2.5 percent); communications (-0.3 percent, the same pace as in November) and furnishings (-0.2 percent vs -0.3 percent). On a monthly basis, consumer prices inched up 0.9 percent, after being flat in the preceding month.

Inflation Rate in Cape Verde averaged 2 percent from 1990 until 2019, 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.

Inflation Rate in Cape Verde is expected to be 1.40 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 1.30 in 12 months time. In the long-term, the Cape Verde Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Cape Verde Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 0.70 10.20 -4.40 1990 - 2019 percent Monthly
2018=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-14 01:30 PM Sep 0.7% 1.5% 1.5%
2019-11-18 11:00 AM Oct 0.7% 0.7% 0.5%
2019-12-13 11:10 AM Nov 0.7% 0.7% 1.0%
2020-01-16 10:00 AM Dec 1.9% 0.7% 1.0%
2020-02-14 11:00 AM Jan 1.9% 0.9%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-13
Cape Verde November Inflation Rate Steady at 0.7%
The annual inflation rate in Cape Verde remained unchanged for the third consecutive month at 0.7 percent in November 2019, its lowest level since February. Prices slowed for restaurants & hotels (8.2 percent vs 8.9 percent in October); alcoholic beverages & tobacco (6.7 percent vs 7.1 percent); recreation & culture (0.5 percent vs 1.5 percent) and miscellaneous goods & services (2.1 percent vs 2.6 percent). In addition, cost fell for housing & utilities (-2.5 percent vs -2.8 percent); transport (-2 percent vs -1.9 percent) and communication (-0.3 percent, after being unchanged). Meanwhile, prices rose faster for food & non-alcoholic beverages (2 percent vs 1.9 percent); clothing & footwear (4.3 percent vs 4.1 percent) and health (3.1 percent vs 2.6 percent). On a monthly basis, consumer prices were flat, after increasing 0.4 percent in the previous month.

2019-10-14
Cape Verde Inflation Rate at 7-Month Low of 0.7%
The annual inflation rate in Cape Verde declined to 0.7 percent in September 2019, its lowest level since February, from 1.5 percent in the previous month. Prices advanced at a softer pace mainly for food & non-alcoholic beverages (1.5 percent vs 2.5 percent in August): restaurants & hotels (7.0 percent vs 7.6 percent) and alcoholic beverages & tobacco (6.0 percent vs 6.4 percent). In addition, cost fell for housing & utilities (-2.2 percent vs 0.6 percent) and transport (-2.0 percent vs -1.7 percent). Conversely, cost increased further for clothing & footwear (3.7 percent vs 1.0 percent); miscellaneous goods & services (3.1 percent vs 2.3 percent) and alcoholic beverages & tobacco (6.9 percent vs 6.4 percent). On a monthly basis, consumer prices went down 0.7 percent, after increasing 0.1 percent in the previous month.

2019-09-13
Cape Verde August Inflation Rate Rises to 1.5%
The annual inflation rate in Cape Verde rose to 1.5 percent in August 2019 from 1.1 percent in the previous month. Prices went up further for food & non-alcoholic beverages (2.5 percent vs 2.2 percent in July); clothing & footwear (1 percent vs 0.4 percent); and miscellaneous goods & services (2.3 percent vs 2.1 percent). Also, cost fell less for transport (-1.7 percent vs -3.7 percent); and furnishings & household equipment (-0.1 percent vs -0.5 percent). Meanwhile, prices slowed for housing & utilities (0.6 percent vs 0.8 percent); and alcoholic beverages & tobacco (6.4 percent vs 8 percent). Additionally, inflation was steady for hotels, cafes & restaurants (at 7.6 percent) and health (at 2.1 percent). On a monthly basis, consumer prices increased 0.1 percent, rebounding from a 0.1 percent decline in the prior month.

2019-08-16
Cape Verde Inflation Rate at 3-Month Low of 1.1%
The annual inflation rate in Cape Verde decreased to 1.1 percent in July 2019 from 1.5 percent in the previous month. It was the lowest inflation rate since April, mainly due to prices of food & non-alcoholic beverages (2.2 percent vs 2.5 percent in June); housing & utilities (0.8 percent vs 1.1 percent) and transport (-3.7 percent vs -1.4 percent). Meanwhile, inflation quickened for alcoholic beverages & tobacco (8 percent vs 7.1 percent) and hotels, cafes & restaurants (7.6 percent vs 6.9 percent). On a monthly basis, consumer prices edged down 0.1 percent, following a 0.6 percent rise in the previous month.


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.