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.

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Ethiopia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-11 08:00 AM Oct 34.2% 34.8% 35.4%
2021-12-06 09:00 AM Nov 33% 34.2% 34%
2022-01-06 08:50 AM Dec 33%


Related Last Previous Unit Reference
Inflation Rate 33.00 34.20 percent Nov/21
Food Inflation 38.90 40.60 percent Nov/21
Inflation Rate Mom -0.60 -0.10 percent Nov/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 Slows Further in November
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.
2021-12-06
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 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.