Cape Verde tourist prices rise 7.5% year-on-year
Hotels, cafes, and restaurants saw the largest price increases in the third quarter, according to the National Statistics Institute.
Tourist prices in Cape Verde increased by 7.5% in the third quarter compared to the same period last year, the National Statistics Institute (INE) announced. The Tourist Price Index (IPT) showed that prices for hotels, cafes, and restaurants rose by 7.5%, while car rentals became 6.4% more expensive. Entertainment and culture services saw no price variation.
The INE's findings also revealed a 5.2% quarterly price increase between July and September, a significant jump from the 0.6% rise in the second quarter. This rise is also higher than the 1.3% observed in the third quarter of 2025. Accommodation services experienced notable increases, with guesthouses up 11.4% and hotels up 10.1% year-on-year.
Boa Vista island recorded the highest year-on-year price variation at 8.6%, followed by São Vicente at 7.5% and Santo Antão at 7%. Sal saw a 6.3% increase, and Santiago had a 3% rise. Restaurants saw prices increase by 1.9% and cafes, bars, and similar establishments by 0.5% compared to the third quarter of 2025.
Why it mattersInvestors are affected by the rising costs of tourist services, which could impact future investment decisions in the sector.