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. source: INE, Cape Verde
Inflation Rate in Cape Verde averaged 1.94 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 January of 2021.
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 1.10 in 12 months time. In the long-term, the Cape Verde Inflation Rate is projected to trend around 1.30 percent in 2022, according to our econometric models.