Inflation Rate in Ethiopia increased to 19.30 percent in October from 18.70 percent in September of 2020. source: Central Statistical Agency of Ethiopia

Inflation Rate in Ethiopia averaged 16.42 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. Ethiopia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Inflation Rate in Ethiopia is expected to be 18.00 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 10.40 in 12 months time. In the long-term, the Ethiopia Inflation Rate is projected to trend around 10.00 percent in 2021 and 8.00 percent in 2022, according to our econometric models.

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Ethiopia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
19.30 18.70 64.20 -4.10 2006 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-08-03 01:00 PM Jul 22.3% 21.6% 22%
2020-09-02 05:30 PM Aug 20% 22.3% 23%
2020-10-05 12:30 PM Sep 18.7% 20% 20%
2020-11-05 12:00 PM Oct 19.3% 18.7% 18.4%
2020-12-02 12:00 PM Nov 19.3% 20%
2021-01-06 09:10 AM Dec
2021-02-05 01:10 PM Jan
2021-03-05 01:30 PM Feb

News Stream
Ethiopia Inflation Rate Hits 22.6% in March
The annual inflation rate in Ethiopia climbed further to 22.6 percent in March of 2020 from 21.8 percent in the previous month. Main upward pressure came from food prices (26.9 percent vs 25.1 percent in February), especially teff, maize and sorghum as the country continued to struggle with locust invasions. Meanwhile, non-food inflation slowed slightly (17.6 percent vs 18 percent).
Ethiopia February Inflation Rate Nears 8-Year High of 21.8%
The annual inflation rate in Ethiopia climbed to 21.8 percent in February of 2020 from 18.7 percent in the previous month. This was the highest inflation rate since May of 2012, as massive crop destruction due to locust invasions is causing food shortages. On a monthly basis, consumer prices surged 2.9 percent, the most since May of 2019, after increasing 0.8 percent in the previous month.
Ethiopia January Inflation Rate Remains High at 18.7%
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 at Over 7-Year High
The annual inflation rate in Ethiopia rose further to 20.8 percent in November 2019 from 18.6 percent in the prior month. This is the highest inflation rate since August 2012, as the country continues to face critical food shortages caused by prolonged drought. On a monthly basis, consumer prices increased 0.7 percent, after dropping 0.2 percent in the previous month.

Ethiopia Inflation Rate
In Ethiopia, the three main components of the consumer price index are: Food and Non-Alcoholic Beverages (54 percent of total weight); Housing and Utilities (16.8 percent) and Clothing & Footwear (5.7 percent). Others include: Restaurants & Hotels (5.3 percent; Alcoholic Beverages & Tobacco (4.9 percent); Furnishings, Household Equipment and Routine Maintenance of the House (4.7 percent); Transport (2.5 percent) and Miscellaneous Goods & Services (2.5 percent). Communication, Health, Recreation & Culture and Education account for the remaining 4.1 percent of total weight.