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Cape Verde Inflation Rate

Last Release
Sep 2021
Actual
2.7 %
Forecast
N/A
Previous
2.4 %
Frequency
Monthly
Units In
%
Next Release
Nov 16, 2021
Time to Release
24 Days 12 Hours
Highest
Lowest
Average
Date Range
Source
10.2 %
Oct 2008
-4.4 %
Feb 2004
1.91 %1990 - 2021N/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 climbed to 2.7 percent in September of 2021 from 2.4 percent in August, reaching its highest level since February of 2013. Main upward pressure came from prices of transport (8.4 percent vs 9 percent in August); clothing & footwear (6 percent vs 2.8 percent); alcoholic beverages & tobacco (5.5 percent vs 6.9 percent); furnishings (4.6 percent vs 4.7 percent). Costs also went up for food & non-alcoholic beverages (2.4 percent vs 2.2 percent); housing & utilities (1.7 percent vs 1.4 percent); and recreation & culture (0.5 percent vs -0.1 percent). On a monthly basis, consumer prices rose 0.3 percent, slowing from a 0.8 percent rise in the month prior, as inflation eased for transport (0.1 percent vs 3 percent) and food & non-alcoholic beverages (0.8 percent vs 1 percent).

Cape Verde Inflation Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Oct 14, 202115:06Cape Verde Inflation Rate Highest Since 2013
Sep 14, 202113:35Cape Verde August Inflation Rate at Near 8-1/2-Year High
Aug 18, 202110:51Cape Verde July Inflation Rate at Near 1-1/2-Year High
Jul 15, 202115:37Cape Verde June Inflation Rate Continues to Increase

Cape Verde prices Indicators

All Cape Verde indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Core Inflation Rate
2.5
Sep 2021
1.9
Aug 2021
-0.8
Jun 2016
3.7
Jan 2013
%Monthly2013 - 2021
Cpi Housing Utilities
101.92
Sep 2021
101.81
Aug 2021
80.3
Apr 2005
113.5
Jan 2013
pointsMonthly2005 - 2021
CPI Transportation
110.19
Sep 2021
110.13
Aug 2021
86.4
Feb 2005
110.19
Sep 2021
pointsMonthly2005 - 2021
Consumer Price Index CPI
104.55
Sep 2021
104.24
Aug 2021
81.9
Feb 2007
104.55
Sep 2021
pointsMonthly2006 - 2021
Core Consumer Prices
105.3
Sep 2021
104.9
Aug 2021
92.28
Jan 2011
105.3
Sep 2021
pointsMonthly2011 - 2021
Food Inflation
2.2
Aug 2021
0.6
Jul 2021
-3.7
Oct 2009
13.8
Oct 2008
%Monthly2006 - 2021

Inflation Rate across Africa

Inflation Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Algeria
4.12
Jun 2021
3.86
Jan 2021
0.4
Jun 2019
11.92
Apr 2012
%Monthly2001 - 2021
Benin
1.4
Aug 2021
2.7
Jul 2021
-3.8
Apr 2017
15.2
Aug 2008
%Monthly2001 - 2021
Burkina Faso
2.8
Aug 2021
3.5
Jul 2021
-5.4
Sep 2019
15.1
Jun 2008
%Monthly2000 - 2021
Burundi
10.47
Aug 2021
9.7
Jul 2021
-8.4
Oct 2018
44.93
May 1997
%Monthly1974 - 2021
Cameroon
2.4
Jun 2020
2.4
Dec 2019
0.3
Apr 2018
5
Jun 2009
%Monthly2009 - 2020
Cape Verde
2.7
Sep 2021
2.4
Aug 2021
-4.4
Feb 2004
10.2
Oct 2008
%Monthly1990 - 2021

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