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.

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Cape Verde Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 0.10 10.20 -4.40 1990 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-14 11:00 AM Sep 0.8% 0.1% 0.3%
2020-11-16 01:30 PM Oct 0.3% 0.8% 0.6%
2020-12-31 11:00 AM Nov 0.1% 0.3% 0.1%
2021-01-15 11:00 AM Dec -0.9% 0.1% -0.2%
2021-02-15 02:00 PM Jan -0.9%
2021-03-12 11:00 AM Feb
2021-04-15 02:30 PM Mar
2021-05-14 03:00 PM Apr


News Stream
Cape Verde CPI Falls 0.9% YoY in December
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.
2021-01-17
Cape Verde CPI Rises 0.1% YoY in November
Consumer prices in Cape Verde went up 0.1 percent year-on-year in November of 2020, slowing from a 0.3 percent increase in October, due to lower prices of clothing & footwear (-7.4 percent vs -8.2 percent in October); education (-1.2 percent vs -0.1 percent); transport (-0.1 percent vs 1.4 percent) and food & non-alcoholic beverages (-0.2 percent vs 0.2 percent). On a monthly basis, consumer prices edged down 0.1 percent, the same pace as in the previous month.
2020-12-31
Cape Verde Inflation Rate Drops to 0.3% in October
The annual inflation rate in Cape Verde eased to 0.3 percent in October of 2020 from 0.8 percent in the prior month. Prices slowed mostly for food & non-alcoholic beverages (0.2 percent vs 1.3 percent in September); restaurants & hotels (1.5 percent vs 3 percent); housing & utilities (1.5 percent vs 1.7 percent) and transport (1.4 percent vs 1.5 percent). In addition, costs decreased mostly for clothing & footwear (-8.2 percent vs -6.8 percent) and miscellaneous goods & services (-1.3 percent vs -1.4 percent). On a monthly basis, consumer prices were down 0.1 percent, after being flat in the previous month.
2020-11-16
Cape Verde September Inflation Rate Hits 5-Month High
The annual inflation rate in Cape Verde rose to 0.8 percent in September of 2020 from 0.1 percent in the previous month, reaching its highest level since April. Main upward pressure came from prices of alcoholic beverages & tobacco (6.4 percent vs 5.5 percent in August); food & non-alcoholic beverages (1.3 percent vs 0.3 percent); housing & utilities (1.7 percent vs -0.6 percent) and transport (1.5 percent vs -1.3 percent). On a monthly basis, consumer prices remained flat for a second straight month.
2020-10-14

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.