The annual inflation rate in Ethiopia eased for the second straight month to 33.5 percent in July of 2022, from 34 percent in the previous month. It was the lowest reading since November last year, amid a slowdown in prices of food (35.5 percent vs 38.8 percent in June). Meanwhile, non-food inflation picked up (30.4 percent vs 28.4 percent). On a monthly basis, consumer prices increased by 3.1 percent, decelerating from a 4.5 percent rise in the previous month. source: Central Statistical Agency of Ethiopia
Inflation Rate in Ethiopia averaged 17.74 percent from 2006 until 2022, 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 August of 2022.
Inflation Rate in Ethiopia is expected to be 36.00 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 20.00 percent in 2023 and 15.00 percent in 2024, according to our econometric models.