The annual inflation rate in Ethiopia soared to 17.9 percent in August 2019 from 15.5 percent in July. It is the highest inflation rate since September 2012, mainly attributable to lingering effects of drought and security problems amid an upsurge in ethnic violence across the country in recent months. Prices continued to climb for food (23 percent vs 20.1 percent in July), especially major cereal types such as teff, barely, sorghum and maize and also some vegetables used daily, including onions and garlic. Also, cost rose faster for non-food products (12 percent vs 10.3 percent). On a monthly basis, consumer prices inched up 2.32 percent, following a 1.27 percent increase in the previous month. Inflation Rate in Ethiopia averaged 16.07 percent from 2006 until 2019, 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.

Inflation Rate in Ethiopia is expected to be 19.10 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 14.40 in 12 months time. In the long-term, the Ethiopia Inflation Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.

Ethiopia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-05 06:40 AM Inflation Rate YoY May 12.6% 12.9% 13.2%
2019-07-03 11:40 AM Inflation Rate YoY Jun 15.4% 12.6% 11.6%
2019-08-05 08:30 AM Inflation Rate YoY Jul 15.5% 15.4% 15.8%
2019-09-04 11:30 AM Inflation Rate YoY Aug 17.9% 15.5% 16%
2019-10-01 08:50 AM Inflation Rate YoY Sep 17.9% 19.1%
2019-11-06 09:40 AM Inflation Rate YoY Oct 18.3%
2019-12-05 11:00 AM Inflation Rate YoY Nov 17.5%


Ethiopia Prices Last Previous Highest Lowest Unit
Inflation Rate 17.90 15.50 64.20 -4.10 percent [+]
Food Inflation 23.00 20.10 23.00 2.81 percent [+]
Inflation Rate Mom 2.32 1.27 12.75 -34.65 percent [+]
Cpi Housing Utilities 134.20 135.90 184.20 100.00 Index Points [+]
CPI Transportation 129.80 131.50 131.50 97.60 Index Points [+]
Consumer Price Index Cpi 149.70 146.30 149.70 64.20 Index points [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17.90 15.50 64.20 -4.10 2006 - 2019 percent Monthly
2016M12=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.50 Aug/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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