Cost of food in Cape Verde increased 1.20 percent in May of 2019 over the same month in the previous year. Food Inflation in Cape Verde averaged 2.48 percent from 2006 until 2019, reaching an all time high of 13.80 percent in October of 2008 and a record low of -3.70 percent in October of 2009.
Food Inflation in Cape Verde is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Cape Verde to stand at 1.70 in 12 months time. In the long-term, the Cape Verde Food Inflation is projected to trend around 2.60 percent in 2020, according to our econometric models.