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.