The annual inflation rate in Ethiopia dropped to 18.7 percent in January 2020 from 19.5 percent in the previous month. On a monthly basis, consumer prices went up 0.8 percent, the most since last September, compared to a 0.6 percent increase in December, pushed up by food prices amid crop devastation caused by the worst invasion of desert locusts in 25 years. Ethiopia Inflation Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Inflation Rate in Ethiopia averaged 16.16 percent from 2006 until 2020, reaching an all time high of 64.20 percent in July of 2008 and a record low of -4.10 percent in September of 2009. This page provides the latest reported value for - Ethiopia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Inflation Rate in Ethiopia is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ethiopia to stand at 10.00 in 12 months time. In the long-term, the Ethiopia Inflation Rate is projected to trend around 7.50 percent in 2021, according to our econometric models.