Cape Verde Inflation Rate

Last Release

May 31, 2025

Actual

2.3

Units In

2.5

Frequency

Monthly

Next Release

Jul 18, 2025

Time to Release

29 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
10.2 Oct 2008	-4.4 Feb 2004	2.19 %	1990-2025	N/A

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.

Latest Updates

The annual inflation rate in Cape Verde edged down to 2.3% in May 2025, from a 2.5% gain in the previous month. The slowdown was mainly attributed to prices easing for clothing and footwear (9% vs 9.2% in April), alcoholic beverages and tobacco (5.6% vs 5.8%), and food and non-alcoholic beverages (1.4% vs 2.3%). Meanwhile, prices accelerated for miscellaneous goods and services (7.2% vs 6.7%), hotels, cafes and restaurants (6.2% vs 5.9%), and transportation (0.8% vs 0.7%). On a monthly basis, consumer prices stalled in May, following a 0.4% increase in the previous month.