Sub-Saharan Africa
Ethiopia Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
21.0%
As of 2024
YoY Change
-30.4%
2023 → 2024
Record High
44.4%
Recorded in 2008
Record Low
-9.8%
Recorded in 1986
10-Year Average
18.9%
2015–2024
Data Range
1966–2024
59 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
Analysis
Ethiopia's current inflation rate of 21.04 percent in 2024 indicates a significant increase in the general price level of goods and services. This high inflation rate can be attributed to various factors, including monetary policy, supply chain disruptions, and external shocks. The country's economy is heavily reliant on agriculture, which makes it vulnerable to weather-related shocks and global market fluctuations.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 21.0% | 9.2% | -30.4% |
| 2023 | 30.2% | 3.7% | -10.8% |
| 2022 | 33.9% | 7.1% | +26.3% |
| 2021 | 26.8% | 6.5% | +31.8% |
| 2020 | 20.4% | 4.5% | +28.8% |
| 2019 | 15.8% | 2.0% | +14.3% |
| 2018 | 13.8% | 3.1% | +29.4% |
| 2017 | 10.7% | 4.1% | +61.2% |
| 2016 | 6.6% | 2.9% | -30.7% |
| 2015 | 9.6% | 2.7% | +38.9% |
Source: World Bank Open Data · 1966–2024
Neighbouring Countries Ranking
Sub-Saharan Africa · Inflation
