FX.co ★ Cape Verde Inflation Rate Ticks Up to 0.7%

Cape Verde’s annual inflation rate edged up to 0.7% in March 2026, from 0.6% in February, when inflation stood at its lowest level since March 2024. The main upward pressures came from clothing and footwear (8.4% vs 8.2% in February); furnishings and household equipment (6.7% vs 6.6%); alcoholic beverages and tobacco (6.2% vs 3.8%); hotels, restaurants and cafés (6.2% vs 6.1%); and health (3.4% vs 2.4%).

In contrast, price growth slowed for food and non-alcoholic beverages (1.6% vs 2.5%) and for miscellaneous goods and services (1.5% vs 2.3%). At the same time, prices continued to decline for housing and utilities (-4.8% vs -4.8%) and transportation (-1.5% vs -3.6%).

Against the backdrop of the economic impact of the US–Iran conflict, the government recently adopted exceptional measures to contain rising fuel costs, including suspending the automatic fuel pricing mechanism until June 30 and capping gasoline and diesel price increases at a maximum of 8%.

On a monthly basis, the consumer price index (CPI) rose 0.1% in March, following a 0.2% decline in the previous month.