Cabo Verde ends 2015 with inflation rate of 0.1 pct

20 January 2016

The inflation rate in Cabo Verde (Cape Verde) in 2015 was 0.1 percent, reported the National Statistics Institute (INE) on publishing the results of the Consumer Price Index (CPI) for December 2015.

INE also reported that annual inflation (December 2015/December 2014) was negative by 0.5 percent, 30 basis points below the CPI in November and the monthly change in prices was also negative by 0.2 percent.

The expenditure categories of Education (-0.4 percent), Clothing and Footwear (-1.0 percent), Transport (-2.3 percent) and Housing rental, water, electricity, gas and other fuels (-8.5 percent) contributed most to the negative change in prices year on year.

However, there were price rises in the categories of Accessories, domestic and household maintenance equipment (+7.5 percent), Miscellaneous goods and services (+3.6 percent), Hotels, restaurants, cafés and similar establishments (+2.3 percent), Recreation and culture (+1.7 percent), Alcoholic beverages and tobacco (+1.0 percent), Health (+0.8 percent) and Food and non-alcoholic beverages (+0.6 percent). (macauhub/CV)