Ethiopia’s annual inflation rate slightly slowed to 34.2 percent in October of 2021, from 34.8 percent in September, which was the highest in nine-and-a-half years. Food prices slowed down despite remaining close to record levels (40.7 percent vs 41.9 percent in September), due to a lack of commercial commodities in Tigray and in the neighboring Amhara region, where fighting spread to in July. On a monthly basis, consumer prices dropped 0.1 percent, compared to a 4 percent increase in the prior month. source: Central Statistical Agency of Ethiopia

Inflation Rate in Ethiopia averaged 16.91 percent from 2006 until 2021, 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 November of 2021.

Inflation Rate in Ethiopia is expected to be 35.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ethiopia Inflation Rate is projected to trend around 12.00 percent in 2022 and 10.00 percent in 2023, according to our econometric models.

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Ethiopia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-05 06:50 AM Sep 34.8% 30.4% 28%
2021-11-11 08:00 AM Oct 34.2% 34.8% 35.4%
2021-12-03 12:00 PM Nov 34.2% 34%


Related Last Previous Unit Reference
Inflation Rate 34.20 34.80 percent Oct/21
Food Inflation 40.60 41.90 percent Oct/21
Inflation Rate Mom -0.10 4.00 percent Oct/21
CPI Transportation 204.30 210.50 points Oct/21
CPI Housing Utilities 134.20 135.90 points Apr/19

News Stream
Ethiopia Inflation Rate Eases Slightly in October
Ethiopia’s annual inflation rate slightly slowed to 34.2 percent in October of 2021, from 34.8 percent in September, which was the highest in nine-and-a-half years. Food prices slowed down despite remaining close to record levels (40.7 percent vs 41.9 percent in September), due to a lack of commercial commodities in Tigray and in the neighboring Amhara region, where fighting spread to in July. On a monthly basis, consumer prices dropped 0.1 percent, compared to a 4 percent increase in the prior month.
2021-11-11
Ethiopia Inflation Rate at Over 9-1/2-Year High
Ethiopia’s annual inflation rate quickened for a fifth consecutive month to 34.8 percent in September of 2021, its highest level since February of 2012. Food prices continued to accelerate (41.9 percent vs 37.6 percent in August), namely staples such as bread and cereals, reflecting the impact of drought, floods, locusts and a war in the north of the country. The stable climb in the rate of inflation in the country is occurring regardless of domestic and federal authorities' attempts to manage inflationary pressures. The government’s objective is to ease inflation, cost of living as well as to reduce unemployment. On a monthly basis, consumer prices went up 4 percent, following a 3.6 percent rise in the previous month.
2021-10-06
Ethiopia Inflation at Near-Decade High
Ethiopia's annual inflation rate quickened for a fourth straight month to 30.4% in August of 2021, its highest level since March of 2012. Inflation has been fuelled by a supply-side shortage, as a result of the conflict between federal forces and troops from the northern Tigray region that erupted in November and has spread into the neighboring Afar and Amhara regions. Annual food inflation accelerated to 37.6% in August from 32% the previous month as the cost of items from bread to rice spiked.
2021-09-17

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.