Inflation in Ethiopia
Consumer price inflation in Ethiopia averaged 15.3% in the ten years to 2022, above the Sub-Saharan Africa regional average of 9.4%. The 2022 average figure was 33.9%. For more inflation information, visit our dedicated page.
Ethiopia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Ethiopia from 2020 to 2019.
Source: Macrobond.
Ethiopia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 15.8 | 20.3 | 26.9 | 33.9 | 30.2 |
| Inflation (CPI, ann. var. %, eop) | 19.6 | 18.2 | 35.1 | 33.8 | 28.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ethiopian inflation projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Ethiopian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ethiopian inflation projections.
Want to get access to the full dataset of Ethiopian inflation forecasts? Send an email to info@focus-economics.com.