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Cape Verde Annual Inflation Rate

Cape Verde's annual inflation rate fell to 1.05% in 2024, down from 3.72% in 2023, according to World Bank. This represents a decrease of 2.67% from the previous year. Cape Verde has annual inflation rate lower than the global median (1.05% vs median 3.16%). Compared with the median in Africa, Cape Verde is lower (1.05% vs regional median 4.30%) and ranks 47th out of 50 countries in Africa.

Yearly Historical Data (1984-2024)

(in %)
Year Annual Inflation Rate (%)
2024 1.05%
2023 3.72%
2022 7.93%
2021 1.86%
2020 0.61%
2019 1.11%
2018 1.26%
2017 0.78%
2016 -1.41%
2015 0.13%
2014 -0.24%
2013 1.51%
2012 2.54%
2011 4.47%
2010 2.08%
2009 0.99%
2008 6.77%
2007 4.41%
2006 5.37%
2005 0.42%
2004 -1.89%
2003 1.19%
2002 1.88%
2001 3.35%
2000 -2.48%
1999 4.36%
1998 4.39%
1997 8.56%
1996 5.96%
1995 8.35%
1994 3.45%
1993 5.79%
1992 3.12%
1991 9.55%
1990 10.65%
1989 4.56%
1988 4.07%
1987 3.85%
1986 10.87%
1985 5.39%
1984 11.25%
Cape Verde Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Cape Verde.