The annual inflation rate in Ethiopia dropped to 19.5 percent in December 2019 from an over seven-month high of 20.8 percent in November. On a monthly basis, consumer prices went up 0.6 percent, easing from a 0.7 percent rise in the prior month.

Inflation Rate in Ethiopia averaged 16.15 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. 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 16.00 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 2020, according to our econometric models.

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Ethiopia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
19.50 20.80 64.20 -4.10 2006 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 02:30 PM Sep 18.6% 17.9% 19.1%
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%
2020-02-03 02:00 PM Jan 19.5% 22.4%

News Stream
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.

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.

Ethiopia Inflation Rate Near 7-Year High of 17.9%
The annual inflation rate in Ethiopia soared to 17.9 percent in August 2019 from 15.5 percent in July. It is the highest inflation rate since September 2012, mainly attributable to lingering effects of drought and security problems amid an upsurge in ethnic violence across the country in recent months. Prices continued to climb for food (23 percent vs 20.1 percent in July), especially major cereal types such as teff, barely, sorghum and maize and also some vegetables used daily, including onions and garlic. Also, cost rose faster for non-food products (12 percent vs 10.3 percent). On a monthly basis, consumer prices inched up 2.32 percent, following a 1.27 percent increase in the previous month.

Ethiopia Inflation Rate at Over 1-Year High of 15.5%
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 (13.7 percent vs 13.1 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.

Ethiopia Inflation Rate Hits 1-Year High in June
Annual inflation rate in Ethiopia shot up to 15.4 percent in June 2019 from 12.6 percent in the previous month. It was the highest inflation rate since June last year, amid rising prices of both food and non-food products. "Unrest in different parts of the country, the forex crunch, a shortage of commodities and lower productivity" were pointed as possible reasons by Ahmed Shide, minister of Finance, speaking to the parliament in the middle of the month.

Ethiopia Inflation Rate Quickens to 8-Month High
The annual inflation rate in Ethiopia rose to 12.9 percent in April 2019 from 11.2 percent in the prior month, hitting its highest level since August. Prices increased faster mostly for food & non-alcoholic beverages (14.5% vs 11.4% in March), namely bread & cereals (16.6%), meat (9.5%), milk, cheese & eggs (13.1%); and alcoholic beverages & tobacco (14.2% vs 1.1%), attributable to the Easter holiday season. Meanwhile, cost slowed for housing & utilities (7.9% vs 8.9%); clothing & footwear (15% vs 19.7%); restaurants & hotels (12.5% vs 13.2%) and transport (15.6% vs 16.8%). On a monthly basis, consumer prices went up 1.8 percent, following a 2.2 percent rise 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.

Ethiopia Prices Last Previous Highest Lowest Unit
Inflation Rate 19.50 20.80 64.20 -4.10 percent [+]
Food Inflation 22.70 23.00 23.00 2.81 percent [+]
Cpi Housing Utilities 134.20 135.90 184.20 100.00 points [+]
CPI Transportation 129.80 131.50 131.50 97.60 points [+]
Consumer Price Index Cpi 153.90 153.10 153.90 64.20 points [+]
Inflation Rate Mom 0.56 0.74 12.75 -34.65 percent [+]