Ethiopia's annual inflation rate quickened for a fourth straight month to 30.4% in August of 2021, its highest level since March of 2012. Inflation has been fuelled by a supply-side shortage, as a result of the conflict between federal forces and troops from the northern Tigray region that erupted in November and has spread into the neighboring Afar and Amhara regions. Annual food inflation accelerated to 37.6% in August from 32% the previous month as the cost of items from bread to rice spiked. source: Central Statistical Agency of Ethiopia

Inflation Rate in Ethiopia averaged 16.71 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 September of 2021.

Inflation Rate in Ethiopia is expected to be 28.00 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

Actual Previous Highest Lowest Dates Unit Frequency
30.40 26.40 64.20 -4.10 2006 - 2021 percent Monthly
2016M12=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-06 04:50 PM May 19.7% 19.2% 19.5%
2021-07-05 07:40 AM Jun 24.5% 19.7% 20.3%
2021-08-04 06:40 AM Jul 26.4% 24.5%
2021-09-03 01:30 PM Aug 30.4% 26.4% 27%
2021-10-05 12:30 PM Sep 30.4% 28%
2021-11-05 12:00 PM Oct
2021-12-03 12:00 PM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Ethiopia Inflation at Near-Decade High
Ethiopia's annual inflation rate quickened for a fourth straight month to 30.4% in August of 2021, its highest level since March of 2012. Inflation has been fuelled by a supply-side shortage, as a result of the conflict between federal forces and troops from the northern Tigray region that erupted in November and has spread into the neighboring Afar and Amhara regions. Annual food inflation accelerated to 37.6% in August from 32% the previous month as the cost of items from bread to rice spiked.
2021-09-17
Ethiopia Inflation Rate Hits 7-Month High
The annual inflation rate in Ethiopia climbed to 20.6% in February of 2021 from 19.2% in the previous month. It was the highest inflation rate since last July, driven largely by persistently high food prices amid the pandemic crisis, political instability and the locust infestation experienced in some parts of the country. Other factors such as the mounting debt stress engendered by the high level of government borrowing from both domestic and external sources, as well as uncertainty ahead of presidential elections are also likely to have contributed to inflationary pressures.
2021-03-07

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.