Cape Verde's consumer prices rose 2.7% year-on-year in September 2026 and 1.1% from August, statistics agency INE said on October 14. Core inflation, excluding energy and unprocessed food, reached 1.5%. The 12-month average inflation rate, which INE uses as its official headline measure, also stood at 1.5%, the agency said.
Analysis: The 2.7% annual rate was the highest since December 2025, when inflation reached 3.3%, and slightly above the central bank BCV's 2.50% policy rate. September's figures, however, precede the 12% rise in gasoline and diesel prices for October reported by Lusa. Import prices were also 25.7% higher than a year earlier, pointing to the possibility of further cost pressure for importers and retailers. The BCV's monetary policy report, scheduled for November 10, should indicate whether the bank now sees a need to adjust interest rates.
Source: INE Cabo Verde, INE, Nota de imprensa: Índice de Preços no Consumidor Nacional - Setembro de 2026, September 2026; INE Cabo Verde, INE, Nota de imprensa: IPC Nacional - Setembro de 2026, September 2026; INE Cabo Verde, INE, Nota de imprensa IPC - Agosto 2026, August 2026; Banco de Cabo Verde, BCV, Boletim de Estatísticas agosto 2026 (published October 9, 2026), December 2025; Banco de Cabo Verde (BCV), BCV homepage, 'Taxas de Juro' panel, Unchanged since March 2025; latest reported hold 2026; INE Cabo Verde, INE, Nota de imprensa ICE - Setembro 2026 (Índice de Preços do Comércio Externo), September 2026; Forbes África Lusófona / Lusa, Forbes África Lusófona (Lusa), citing ARME price tables, October 2026