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.


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Ethiopia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
18.70 19.50 64.20 -4.10 2006 - 2020 percent Monthly
2016M12=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-05 02:20 PM Oct 18.6% 18.6% 18.3%
2019-12-04 02:50 PM Nov 20.8% 18.6% 19%
2020-01-06 09:10 AM Dec 19.5% 20.8% 21.6%
2020-02-05 01:10 PM Jan 18.7% 19.5% 19.0%
2020-03-03 04:30 PM Feb 18.7% 19.6%
2020-04-03 02:00 PM Mar 20%
2020-05-04 03:50 PM Apr
2020-06-04 02:00 PM May


News Stream
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 Steady at 7-Year High
The annual inflation rate in Ethiopia was unchanged at 18.6 percent in October 2019, its highest level since September 2012, as the country continues to struggle with severe food shortages in particular wheat. Extreme weather events such as flooding and drought responsible for the destruction of crops are becoming more frequent. On a monthly basis, consumer prices decreased 0.23 percent, after rising 1.70 percent in the previous month.
2019-11-05
Ethiopia Inflation Rate Highest since 2012
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.
2019-10-03

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.