Inflation Cape Verde 2008
Average inflation: 6.8%
Current Inflation
Inflation is very high at 6.8%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 10.2%. The lowest inflation was in January at 3.1%.
- Highest month
- October: 10.2%
- Lowest month
- January: 3.1%
- Difference
- 7.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 9.1%. The lowest price increase was in Energy with an average of 5.5%.
- Highest increase
- Food: 9.1%
- Lowest increase
- Energy: 5.5%
Historical Context
Current inflation is 1.3% higher than the 5-year average of 5.5%. This approaches the highest level since records began (6.8% in 2008).
- 5-year average
- 5.5%
- 10-year average
- 5.5%
- All-time high (2008)
- 6.8%
- All-time low (2007)
- 4.5%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +2.3 percentage point.
- Change vs. previous year
- +2.3 percentage points
- Largest monthly swing
- September: +6.1 percentage points
ECB Target
Inflation is 4.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 3.1% | -4.7 |
| February | 4.4% | -1.1 |
| March | 4.4% | -1.6 |
| April | 5.8% | +0.6 |
| May | 5.9% | +2.2 |
| June | 7.0% | +3.6 |
| July | 8.0% | +4.4 |
| August | 8.1% | +4.2 |
| September | 9.3% | +6.1 |
| October | 10.2% | +5.7 |
| November | 8.2% | +5.0 |
| December | 6.6% | +3.2 |
| Average | 6.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.