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.

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Ethiopia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-11 06:30 AM Jun 34% 37.7% 39%
2022-08-05 07:00 AM Jul 33.5% 34% 47%
2022-09-01 09:00 AM Aug 33.5%


Related Last Previous Unit Reference
Inflation Rate 33.50 34.00 percent Jul 2022
Food Inflation 35.50 38.10 percent Jul 2022
Inflation Rate Mom 3.10 4.50 percent Jul 2022
CPI Transportation 221.10 213.30 points Jan 2022
CPI Housing Utilities 134.20 135.90 points Apr 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
33.50 34.00 64.20 -4.10 2006 - 2022 percent Monthly
2016M12=100

News Stream
Ethiopia Inflation Rate Softens to 8-Month Low
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.
2022-08-05
Ethiopia Inflation Rate at 4-Month Low
The annual inflation rate in Ethiopia eased for the first time in four months to 34 percent in June of 2022, from 37.7 percent in the previous month. Prices decelerated a bit for food (38.1% from 43.9% in May) and non-food inflation was little-changed (at 28.4%), as local and federal authorities continued with efforts to control inflationary pressures through administrative actions. On a monthly basis, consumer prices inched up by 4.5%, accelerating from a 2.6% rise in the previous month.
2022-07-12
Ethiopia Inflation Rate Highest since 2011
The annual inflation rate in Ethiopia quickened to 36.6% in April of 2022 from 34.7% in the prior month, reaching the highest point since November of 2011. Upward pressure came from prices of both food (42.9% vs 43.4% in March) and non-food items (28.1% vs 23.5%) amid increased demand during celebrations of two major religious festivals, namely the Ethiopian Orthodox Easter and the Islamic Eid al-Fitr. On a monthly basis, consumer prices were up 2.2%, after increasing 4% in the previous month.
2022-05-10