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. source: Central Statistical Agency of Ethiopia
Inflation Rate in Ethiopia averaged 17.46 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 May of 2022.
Inflation Rate in Ethiopia is expected to be 37.00 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.