The Tourism Price Index (TPI) of Cape Verde rose by 8.9% in the second quarter of this year compared to the same period in 2024, announced the National Institute of Statistics (INE) today.
The category of hotels, cafes, and restaurants significantly contributed to the increase in the prices of goods and services offered to tourists visiting the archipelago.
In the five islands covered by the TPI—Santo Antão, São Vicente, Sal, Boa Vista, and Santiago—there were increases in prices related to accommodation and restaurants.
There was also an increase in car rentals.
The tourism sector is one of the main sources of wealth for Cape Verde, accounting for about 25% of the Gross Domestic Product (GDP), with a higher concentration in the islands of Sal and Boa Vista.
The TPI is an indicator designed to measure the evolution of a set of goods and services considered representative of the consumption structure of tourists.
