Cape Verde Annual Inflation Jumps to 2.7% in September 2026

Cape Verde consumer price inflation accelerated to an annual rate of 2.7% in September 2026, rising from 0.8% in August. The reading represents the highest annual inflation rate for the country since December 2025, driven largely by a sharp increase in transportation expenses. On a month-over-month basis, the consumer price index climbed 1.1% after declining 0.1% in August.

Transportation costs served as the primary driver of the inflationary spike, with annual transport inflation surging to 11% in September from 4% the previous month. Monthly transport costs also surged by 5.1%. Other categories contributing to annual price growth included furnishings and household equipment at 5.1%, health services at 3.3%, and alcoholic beverages and tobacco at 3.9%. Monthly gains were also picked up by recreation and culture, alongside food and non-alcoholic beverages.

Investors and policymakers will keep a close watch on future monthly price trends to determine whether transport price volatility continues to pass through into broader consumer goods and services or if inflation begins to stabilize back toward earlier levels.