The annual inflation rate in Ethiopia rose further to 15.5 percent in July 2019 from 15.4 percent in the previous month, hitting its highest level since June last year. Prices rose faster for food (20.1 percent vs 19.6 percent in June) while slowed slightly for non-food items (11.4 percent vs 11.9 percent). On a monthly basis, consumer prices rose 1.3 percent, after a 1.6 percent gain in the prior month. Inflation Rate in Ethiopia averaged 16.06 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 13.00 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 8.50 in 12 months time. In the long-term, the Ethiopia Inflation Rate is projected to trend around 8.60 percent in 2020, according to our econometric models.