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Lusa - Business News - Cabo Verde: Prices of imported products down 1.7% in March

Praia, Apr. 22, 2019 (Lusa) – Prices of products imported by Cabo Verde decreased 1.7% in March, 0.4 percentage points less compared with the previous month, the National Statistics Institute (INE) said on Monday.
According to the institute, last month, the positive rate that contributed to mitigate the decrease of the index occurred in fuels, which had a price rise of 1.6%.
In the opposite direction, there were price reductions in consumer goods (-1.3%), intermediate goods (-4.6%) and capital goods (-14.9%).
In the annual comparison, the institute found that the import price index increased by 5.1%, compared to March 2018.
As for exports, the monthly rate of product prices stood at 1.1% in March, a figure higher by 2.8 percentage points compared to February.
Compared to March 2018, the export price index recorded an increase of 6.1%.
Also, according to the institute, in March of this year, the rate recorded by the index of exchange was 2.9%, higher by 2.4 percentage points compared to the previous month.


Agency : LUSA

Date : 2019-04-23 10:06:06


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