Inflation in Ethiopia
Ethiopia - InflationEconomic growth was likely robust in H1 of FY 2019 (July 2019–July 2020), supported by strong export growth in July–September. However, the economy has since been derailed by the Covid-19 pandemic and the locust infestation. The global pandemic is weighing heavily on both the services and industrial sectors and seeing FDI dry up. Furthermore, the locust infestation is hitting the agricultural sector and threatens food security in the country, while drought and floods pose further risks; a potential famine would have a severe economic and humanitarian impact. At the end of April, the IMF approved USD 411 million in emergency assistance to combat Covid-19, while in May the World Bank offered USD 63 million to palliate the impact of the locust infestation. Moreover, the government recently announced extra fiscal support consisting of tax waivers for firms.
Ethiopia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||10.1||7.3||10.9||13.8||15.8|
5 years of economic forecasts for more than 30 economic indicators.
Ethiopia Inflation Chart
Source: Central Statistical Agency of Ethiopia.
|Exchange Rate||31.98||0.01 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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