The annual inflation rate in Cape Verde climbed to 2.7 percent in September of 2021 from 2.4 percent in August, reaching its highest level since February of 2013. Main upward pressure came from prices of transport (8.4 percent vs 9 percent in August); clothing & footwear (6 percent vs 2.8 percent); alcoholic beverages & tobacco (5.5 percent vs 6.9 percent); furnishings (4.6 percent vs 4.7 percent). Costs also went up for food & non-alcoholic beverages (2.4 percent vs 2.2 percent); housing & utilities (1.7 percent vs 1.4 percent); and recreation & culture (0.5 percent vs -0.1 percent). On a monthly basis, consumer prices rose 0.3 percent, slowing from a 0.8 percent rise in the month prior, as inflation eased for transport (0.1 percent vs 3 percent) and food & non-alcoholic beverages (0.8 percent vs 1 percent). 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 October of 2021.

Inflation Rate in Cape Verde is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Inflation Rate is projected to trend around 1.30 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Cape Verde Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-15 03:00 PM Jun 1.5% 1.3% 2%
2021-08-17 03:00 PM Jul 1.6% 1.5% 1.7%
2021-09-14 11:00 AM Aug 2.4% 1.6% 1.5%
2021-10-14 02:00 PM Sep 2.7% 2.4% 1.4%
2021-11-16 01:30 PM Oct 2.7%
2021-12-14 11:30 AM Nov


News Stream
Cape Verde Inflation Rate Highest Since 2013
The annual inflation rate in Cape Verde climbed to 2.7 percent in September of 2021 from 2.4 percent in August, reaching its highest level since February of 2013. Main upward pressure came from prices of transport (8.4 percent vs 9 percent in August); clothing & footwear (6 percent vs 2.8 percent); alcoholic beverages & tobacco (5.5 percent vs 6.9 percent); furnishings (4.6 percent vs 4.7 percent). Costs also went up for food & non-alcoholic beverages (2.4 percent vs 2.2 percent); housing & utilities (1.7 percent vs 1.4 percent); and recreation & culture (0.5 percent vs -0.1 percent). On a monthly basis, consumer prices rose 0.3 percent, slowing from a 0.8 percent rise in the month prior, as inflation eased for transport (0.1 percent vs 3 percent) and food & non-alcoholic beverages (0.8 percent vs 1 percent).
2021-10-14
Cape Verde August Inflation Rate at Near 8-1/2-Year High
The annual inflation rate in Cape Verde surged to 2.4 percent in August of 2021 from 1.6 percent in July, reaching its highest level since March of 2013. Main upward pressure came from prices of transport (9 percent vs 5.3 percent in July), alcoholic beverages & tobacco (6.9 percent vs 10.1 percent); furnishings (4.7 percent vs 6.3 percent); clothing & footwear (2.8 percent vs 3 percent) and food & non-alcoholic beverages (2.2 percent vs 0.6 percent). On a monthly basis, consumer prices increased 0.8 percent, the most since December of 2019, mostly due to higher prices of transport (3 percent vs 1.7 percent) and food & non-alcoholic beverages (1 percent vs 0.5 percent).
2021-09-14
Cape Verde July Inflation Rate at Near 1-1/2-Year High
The annual inflation rate in Cape Verde ticked up to 1.6 percent in July of 2021 from 1.5 percent in June, reaching its highest level since March of 2020. Main upward pressure came from prices of alcoholic beverages & tobacco (10.1 percent vs 10.4 percent in June); transport (5.3 percent vs 6.8 percent); furnishings (6.3 percent vs 6.5 percent); clothing & footwear (3 percent vs 4.7 percent) and food & non-alcoholic beverages (0.6 percent vs -0.7 percent). On a monthly basis, consumer prices went up 0.5 percent, after a 0.2 percent increase in the prior month, mostly due to higher prices of transport (1.7 percent vs 0.5 percent in June) and alcoholic beverages & tobacco (0.9 percent vs 0.2 percent).
2021-08-18
Cape Verde June Inflation Rate Continues to Increase
Consumer prices in Cape Verde advanced 1.5 percent year-on-year in June of 2021, the highest since March of 2020, after a 1.3 percent gain in the previous month. Prices rose faster for clothes & footwear (4.7 percent vs -0.4 percent) and furnishings (6.5 percent vs 6.2 percent) while inflation slowed for transport (6.8 percent vs 7.3 percent), housing & utilities (1.3 percent vs 1.5 percent) and alcoholic beverages & tobacco (10.4 percent vs 10.5 percent). On the other hand, costs for food & non-alcoholic beverages declined less (-0.7 percent vs -0.9 percent). On a monthly basis, consumer prices went up 0.2 percent, following a 0.5 percent rise in the preceding month.
2021-07-15

Cape Verde Last Unit Reference Previous Highest Lowest
Inflation Rate 2.70 percent Sep/21 2.40 10.20 -4.40
Food Inflation 2.20 percent Aug/21 0.60 13.80 -3.70
Inflation Rate Mom 0.30 percent Sep/21 0.80 1.40 -1.30
Cpi Transportation 110.19 points Sep/21 110.13 110.19 86.40
Cpi Housing Utilities 101.92 points Sep/21 101.81 113.50 80.30
Core Inflation Rate 2.50 percent Sep/21 1.90 3.70 -0.80
Core Consumer Prices 105.30 points Sep/21 104.90 105.30 92.28
Consumer Price Index CPI 104.55 points Sep/21 104.24 104.55 81.90


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.