The annual inflation rate in Cape Verde eased for the fifth month running to 7.6% in December of 2022, down from 8% in November and a 14-year high of 9% in July. It was the softest inflation reading since April 2022, largely due to a slowdown in prices of food & non-alcoholic beverages (15.8% vs 17.2% in November) and alcoholic beverages & tobacco (14.3% vs 14.8%). On a monthly basis, consumer prices were flat, after increasing by 0.7% in the previous month. source: INE, Cape Verde
Inflation Rate in Cape Verde averaged 2.17 percent from 1990 until 2022, 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 2023.
Inflation Rate in Cape Verde is expected to be 7.00 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 4.00 percent in 2024, according to our econometric models.