Inflation Rate in Ethiopia increased to 37.70 percent in May from 36.60 percent in April of 2022. It is the highest reading since November of 2011. source: Central Statistical Agency of Ethiopia

Inflation Rate in Ethiopia averaged 17.57 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 July of 2022.

Inflation Rate in Ethiopia is expected to be 39.00 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
2022-05-06 06:00 AM Apr 36.6% 34.7% 35%
2022-06-10 02:00 PM May 37.7% 36.6% 38%
2022-07-08 02:00 PM Jun 37.7% 39%

Related Last Previous Unit Reference
Inflation Rate 37.70 36.60 percent May 2022
Food Inflation 43.90 42.90 percent May 2022
Inflation Rate Mom 2.60 2.20 percent May 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
37.70 36.60 64.20 -4.10 2006 - 2022 percent Monthly

News Stream
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.
Ethiopia March Inflation Rate Climbs to 34.7%
Ethiopia’s annual inflation rate accelerated to 34.7% in March of 2022 from 33.6% in the previous month. That was the highest reading since last December, despite the recent administrative measures to control inflationary pressures, namely the introduction of a temporary price cap for food items as well as a three-month ban on rent increases by landlords. Upward pressure came from both prices of food (43.4% vs 41.8% in February) and non-food items (23.5% vs 22.9%). On a monthly basis, consumer prices surged 4%, the biggest rise in six months.
Ethiopia Inflation Rate Slows for 2nd Month
The annual inflation rate in Ethiopia eased for the second straight month to 33.6% in February of 2022, from 34.5% in the prior month, mainly due to a slowdown in prices of some non-food items while food price rises continued to accelerate. On a monthly basis, consumer prices surged 3.4%, the biggest increase in five months.