Monday April 24 2017
Cape Verde Inflation Rate at 0.50 percent
Consumer prices in Cape Verde went up 0.5 percent year-on-year in March of 2017, following a 0.3 percent increase in February. It is the highest inflation rate since September of 2015, boosted by rising cost of clothing and footwear (2.5 percent from 1.6 percent in February); furnishing and routine maintenance of the house (1.1 percent from 0.8 percent) and hotels, cafes and restaurants (0.7 percent from 0.4 percent). In addition, inflation was steady for recreation and culture (2.9 percent), miscellaneous goods and services (2.7 percent), transport (1.8 percent) and education (1.8 percent) and prices fell less for food and non-alcoholic beverages (-0.2 percent from -0.3 percent) and housing and utilities (-1.3 percent from -1.4 percent). On a monthly basis, consumer prices declined 0.2 percent.