Inflation in Ethiopia

Ethiopia Inflation | Economic News & Forecasts

Ethiopia - Inflation

The country’s ongoing domestic conflict will have dampened activity in the first half of FY 2021 (8 July 2021–7 July 2022). In late November, Prime Minister Abiy Ahmed temporarily stepped down from his post to officially join the battlefront against rebel troops, who had made significant progress against government forces. On 6 December, the government announced that it had regained control of two strategic cities, which prompted the prime minister to return to his official position. Meanwhile, continued violence against Tigrayan citizens has caused a backlash from several countries, including the U.S., whose authorities have asked for the immediate cessation of the conflict and threatened further trade sanctions down the line. Meanwhile, soaring inflation in October–November will have further weighed on activity.

Ethiopia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)10.1  7.3  10.9  13.8  15.8  

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Ethiopia Inflation Chart

Ethiopia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: Central Statistical Agency of Ethiopia.

Ethiopia Facts

Value Change Date
Exchange Rate31.980.01 %Jan 01
Stock Market0.40.0 %Jan 07

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