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.