{"id":27864,"date":"2025-01-23T23:40:40","date_gmt":"2025-01-23T23:40:40","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/import-prices-decrease-in-december-2024-exports-increase"},"modified":"2025-02-04T23:35:33","modified_gmt":"2025-02-04T23:35:33","slug":"import-prices-decrease-in-december-2024-exports-increase","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/import-prices-decrease-in-december-2024-exports-increase","title":{"rendered":"Import prices decrease in December 2024. Exports increase"},"content":{"rendered":"

Africa-Press – Cape verde. <\/strong><\/span>The prices of imported products decreased by 0.9% in December 2024, 1.1 percentage points (p.p.) lower than the figure recorded in the same month, while the export price index stood at 149.6, corresponding to an increase of 0.5% compared to the previous month.<\/p>\n

According to the INE, in December 2024, the import price index stood at 140.3, having registered a decrease of 0.9% compared to the previous month.<\/p>\n

The underlying import index registered a decrease of 1.5% and the volatile index increased by 0.8%, compared to the figure recorded in the previous month.<\/p>\n

The INE indicates that the increase in prices occurred in the following categories of groups: \u201cConsumer goods\u201d (0.2%): justified by the increase in the prices of \u201cProcessed food products\u201d (1.6%); \u201cIntermediate Goods\u201d (2.8%): the increase in prices was mainly explained by the increase in the prices of \u201cProcessed products for carpentry\u201d (24.7%);<\/p>\n

On the other hand, the decrease in prices occurred in the following group categories: \u201cCapital goods\u201d (-8.8%) due to the decrease in the prices of \u201cmachinery\u201d (-11.0%); and \u201cFuels\u201d (-1.6%) with the decrease in the only subcategory, called \u201cFuels\u201d (-1.6%).<\/p>\n

In year-on-year terms, the prices of imported products increased by 0.7% and the underlying and volatile import indices increased by 0.5% and 1.1%, respectively.<\/p>\n

Export Price Indexes<\/p>\n

According to the same source, in December 2024, the export price index stood at 149.6, corresponding to an increase of 0.5% compared to the previous month.<\/p>\n

The underlying and volatile export indices recorded increases of 0.5% and 0.4% respectively, compared to the previous month.<\/p>\n

In year-on-year terms, the rate of change in the export price index stood at 22.5%.<\/p>\n

Compared to December 2023, the underlying and volatile export indices increased by 30.2% and 0.5%, respectively.<\/p>\n

Terms of Trade Indexes<\/p>\n

In the period under analysis (December 2024), the Terms of Trade Index (ITT) stood at 106.6, an increase of 1.3% compared to the previous month<\/p>\n

In year-on-year terms, the Terms of Trade Index (ITT) stood at 21.7%.<\/p>\n

For More News And Analysis About Cape verde<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Cape verde. The prices of imported products decreased by 0.9% in December 2024, 1.1 percentage points (p.p.) lower than the figure recorded in the same month, while the export price index stood at 149.6, corresponding to an increase of 0.5% compared to the previous month. According to the INE, in December 2024, the […]<\/p>\n","protected":false},"author":84,"featured_media":27863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[328],"class_list":["post-27864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-cape-verde"],"yoast_head":"\nImport prices decrease in December 2024. 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