Ethiopia’s annual inflation rate eased to 33 percent in November of 2021, from 34.2 percent in October. Food prices slowed down (38.9 percent vs 40.7 percent in October), despite a lack of commercial goods in Tigray and neighbouring Amhara region, where fighting spread in July. The World Food Programme estimated that 13.6 million people were food insecure in Ethiopia because of the extended impacts of conflict, drought, flooding, desert locust invasions, market disruptions, high food prices and the COVID-19 pandemic. On a monthly basis, consumer prices fell 0.6 percent, after a 0.1 percent downtick in the previous 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 December 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.