Inflation Cape Verde 2020
Average inflation: 0.6%
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 1.9%. The lowest inflation was in December at -0.9%.
- Highest month
- February: 1.9%
- Lowest month
- December: -0.9%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.7%. The lowest price increase was in Energy with an average of -0.0%.
- Highest increase
- Food: 1.7%
- Lowest increase
- Energy: -0.0%
Historical Context
Current inflation is around the 5-year average of 0.5%.
- 5-year average
- 0.5%
- 10-year average
- 1.1%
- All-time high (2008)
- 6.8%
- All-time low (2016)
- -1.4%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- December: -2.8 percentage points
ECB Target
Inflation is 1.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.7% | +0.8 |
| February | 1.9% | +1.2 |
| March | 1.6% | +0.6 |
| April | 1.3% | +0.2 |
| May | 0.3% | -1.2 |
| June | -0.2% | -1.7 |
| July | 0.3% | -0.8 |
| August | 0.1% | -1.4 |
| September | 0.8% | +0.1 |
| October | 0.3% | -0.4 |
| November | 0.1% | -0.6 |
| December | -0.9% | -2.8 |
| Average | 0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.