Monday November 21 2016
Cape Verde Inflation Rate at -1.30 percent
Consumer prices in Cape Verde went down 1.3 percent year-on-year in October of 2016, following a 2.1 percent decline in a month earlier. It was the smallest drop in CPI since May as prices fell less for housing rents, water, electricity, gas and other fuels (-6 percent from -9.2 percent in September), transport (-2.8 percent from -4.4 percent) and food and non-alcoholic beverages (-1.2 percent from -1.8 percent). In contrast, cost rose for miscellaneous goods and services (+1.8 percent from +2.8 percent); hotels, cafes and restaurants (+1.7 percent from +1.2 percent) and furnishing and household equipment (+0.8 percent from +3 percent). Month-on-month, consumer prices increased 0.7 percent.