Year-on-year inflation in Cape Verde totals 2.2 pct in August

18 September 2012

Cape Verde’s year-on-year inflation totalled 2.2 percent in August of this year, falling 30 base points against the figure for July, the archipelago’s National Statistics Institute (INE) said in Praia.

In its turn the inflation rate measured as the average variation over the last 12 months against the preceding 12 months, falling by 20 basis points to 2.8 percent following a drop of 20 basis points in the previous month.

The most expressive year-on-year variations were in the categories of food and non-alcoholic drinks (2.5 percent), household accessories and goods and home maintenance (3.2 percent), home rental, water, electricity, gas and other fuels (3.5 percent), transport (3.9 percent), alcoholic drinks and tobacco(7.1 percent) and hotels, restaurants, cafés and similar services (+10 percent).

The biggest price drops were seen in the categories of communications (-14.2 percent). Leisure, recreation and culture (-3.1 percent), clothing and footwear (-0.7 percent), and education (-0.3 percent). (macauhub)