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.

Inflation Rate in Cape Verde averaged 2 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 April of 2020.

Inflation Rate in Cape Verde is expected to be 2.00 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 2.20 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
1.90 1.70 10.20 -4.40 1990 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
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 02:00 PM Jan 1.7% 1.9% 0.9%
2020-03-13 11:00 AM Feb 1.9% 1.7% 1.3%
2020-04-15 11:00 AM Mar 1.9% 2.0%
2020-05-15 11:00 AM Apr
2020-06-17 11:00 AM May
2020-07-14 11:00 AM Jun 2.5%


News Stream
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 January Inflation Rate Ticks Down to 1.7%
The annual inflation rate in Cape Verde dropped to 1.7 percent in January 2020 from 1.9 percent in December, as prices slowed mostly for food & non-alcoholic beverages (3.5 percent vs 4.3 percent); restaurants & hotels (5 percent vs 8 percent); alcoholic beverages & tobacco (7 percent vs 7.2 percent) and miscellaneous goods & services (0.9 percent vs 1.8 percent). Also, costs decreased for communications (-2.2 percent vs -0.3 percent); recreation & culture (-1.1 percent vs 0.5 percent) and clothing & footwear (-0.2 percent vs 3.5 percent). Conversely, prices rose faster for transport (2.2 percent vs 0.3 percent) while rebounded for housing & utilities (0.3 percent vs -0.1 percent) and furnishings (0.7 percent vs -0.2 percent). On a monthly basis, consumer prices went down 0.3 percent, after increasing 0.9 percent in the preceding month.
2020-02-14
Cape Verde Inflation Rate Nears 1-1/2-Year High of 1.9%
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.
2020-01-16
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.
2019-12-13

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.