Inflation Cape Verde 2021
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 5.4%. The lowest inflation was in January at -0.9%.
- Highest month
- December: 5.4%
- Lowest month
- January: -0.9%
- Difference
- 6.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 1.9%. The lowest price increase was in Food with an average of 0.6%.
- Highest increase
- Energy: 1.9%
- Lowest increase
- Food: 0.6%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 0.8%
- All-time high (2008)
- 6.8%
- All-time low (2016)
- -1.4%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+1.3 percentage point).
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- December: +6.3 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -0.9% | -2.6 |
| February | -0.7% | -2.6 |
| March | 0.0% | -1.6 |
| April | 0.4% | -0.9 |
| May | 1.3% | +1.0 |
| June | 1.5% | +1.7 |
| July | 1.6% | +1.3 |
| August | 2.4% | +2.3 |
| September | 2.7% | +1.9 |
| October | 3.8% | +3.5 |
| November | 4.8% | +4.7 |
| December | 5.4% | +6.3 |
| Average | 1.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.