Cape Verde closed 2023 with an inflation rate of 1.3%, the National Statistics Institute (INE) announced on Monday January 15, a sharp slowdown from the 7.6% recorded the previous year.
The data means that the basket of products purchased by families and observed by INE has seen a less pronounced rise than in 2022. According to the graphs published by INE, the trend of accelerating prices recorded throughout 2022 was broken in February 2023.
As an example, looking at the last month of the year, prices in the food and non-alcoholic beverages sector recorded a year-on-year change of 5.1% last December, well below the 15.8% recorded a year earlier.
In the transport sector, prices even fell (a year-on-year change of -3.2% in December), after having risen by 8.8% in 2022.