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.