Cape Verde’s inflation rate last July was 3 percent, 0.2 percent less than in June, the National Statistics Institute (INE) announced in Praia.

The INE also indicated that year-on-year variation of the consumer price index (CPI) was 2.5 percent in July, 0.9 percent more than the respective figure for June.

Monthly CPI variation between June and July was 1 percent, 0.7 percent more than the figure recorded in June.

Cape Verde’s inflation rate in 2011 was 4.5 percent, double the figure for 2010, when average CPI variation in the previous 12 months stood at 2.1 percent.

In the last five years Cape Verde’s average inflation rate has been 3.42 percent. The lowest rate (1 percent) was recorded in 2009, following the highest rate (6.8 percent) recorded in 2008. The respective figures for 2007 and 2006 were 4.4 percent and 4.8 percent. (macauhub)