Cape Verde’s 2009 inflation rate was 1 percent

15 January 2010

Praia, Cape Verde, 15 Jan – The inflation rate recorded in Cape Verde in 2009 was 1 percent, 5.8 percentage points below the 2008 figure, the island country’s National Statistics Institute (INE) has announced.

Data released on Thursday in Praia indicate that prices for consumer goods in Cape Verde dropped 0.2 percent in December, augmenting the fall of inflation to 0.6 percent, with the annual figure set at 1 percent versus the 6.8 percent recorded in 2008.

The products contributing most to this negative variation were the categories of communications (-11.2 percent), transport (-9.9 percent) and leisure, recreation and culture (-7.6 percent), said Celso Soares of the Price Statistics Service.

Prices were otherwise up for the categories of accessories and equipment, houseware and current maintenance and housing (7.1 percent), diverse goods and services (6.1 percent), footwear and apparel, hotels and restaurants, coffee and similar (2.5 percent), he added.

INE data indicate that the 2009 inflation rate was the lowest in the last four years.

In 2006 the rate was 4.8 percent and in 2007 4.4 percent, while in 2005 it was 0.4 percent. (macauhub)