The annual inflation rate in Ethiopia eased to 19.8 percent in May of 2020 from 22.9 percent in the previous month. It was the lowest inflation rate since January.

Inflation Rate in Ethiopia averaged 16.30 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 July of 2020.

Inflation Rate in Ethiopia is expected to be 17.00 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 14.00 in 12 months time. In the long-term, the Ethiopia Inflation Rate is projected to trend around 14.00 percent in 2021 and 12.00 percent in 2022, according to our econometric models.

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Ethiopia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
19.80 22.90 64.20 -4.10 2006 - 2020 percent Monthly
2016M12=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-05 01:30 PM Feb 21.8% 18.7% 19.6%
2020-04-06 02:00 PM Mar 22.6% 21.8% 23.4%
2020-05-06 12:15 PM Apr 22.9% 22.6% 24.5%
2020-06-03 02:15 PM May 19.8% 22.9% 23.2%
2020-07-13 02:30 PM Jun 19.8% 19.6%
2020-08-03 08:30 AM Jul
2020-09-04 11:30 AM Aug
2020-10-02 02:30 PM Sep 16%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


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).
2020-04-06
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.
2020-03-05
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.
2020-02-05
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.
2019-12-04

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.