FX.co ★ Cape Verde Inflation Rate at 2-Year High of 2.8%

In August 2025, Cape Verde experienced a slight uptick in its annual inflation rate, reaching 2.8%, up from 2.7% in July. This represents the highest inflation level since August 2023. A significant factor contributing to this increase was the rise in food and beverage prices, which jumped to 1.9% from 1.3% in July, marking a four-month high. Furthermore, several other key Consumer Price Index (CPI) categories saw accelerated price growth. These included clothing and footwear, which saw an increase from 10.6% to 13.2%; hotels, restaurants, and cafes, which rose from 8.9% to 9.1%; furnishings and household equipment, climbing from 4.5% to 5.5%; and recreation and culture, which edged up from 2.0% to 2.4%. Conversely, inflation rates in certain sectors showed a decline. Transport prices decreased to 1.5% from 2.0%, alcoholic beverages and tobacco fell to 5.7% from 5.9%, and miscellaneous goods and services dropped to 4.5% from 6.8%. Housing prices remained stable, showing no change from the previous month (0% compared to 0.2%). On a monthly basis, the Consumer Price Index increased by 0.2% in August, slowing down from a 0.9% rise in July.