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CPI inflation rate stood at 0.5% in August 2021

Praia, Sep 15  (Inforpress) – The inflation rate of the Consumer Price Index (CPI) in Cabo Verde recorded a monthly change rate of 0.8% in August 2021, the National Institute of Statistics (INE) reported today.

According to the INE data, the cumulative rate of change in CPI was 2.8%, a rate higher at 3.3 p.p. than in the same month of the previous year.

The note reported that the annual rate of change in total CPI in August 2021 was 2.4%, a figure higher at 0.8 p.p. compared to the previous month, noting that the period under analysis, the CPI recorded an average change of the last twelve months of 0.5%, a value higher than 0.2 p.p. than in the previous month.

The underlying inflation indicator, according to the same source, recorded a year-on-year change of 1.9%, a figure higher at 0.7 p.p. than in July 2021.



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