The annual inflation rate in Ethiopia rose further to 18.6 percent in September 2019 from 17.9 percent in the prior month. It was the highest inflation rate since September 2012, mainly driven by surging prices of food amid shortages of basic goods such as wheat, sugar and edible oil. On a monthly basis, consumer prices increased 1.70 percent, following a 2.32 percent rise in the previous month. Inflation Rate in Ethiopia averaged 16.08 percent from 2006 until 2019, 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.
Inflation Rate in Ethiopia is expected to be 16.40 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 12.00 in 12 months time. In the long-term, the Ethiopia Inflation Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.