Etiopia - Inflasjon

The annual inflation rate in Ethiopia was unchanged at 18.6 percent in October 2019, its highest level since September 2012, as the country continues to struggle with severe food shortages in particular wheat. Extreme weather events such as flooding and drought responsible for the destruction of crops are becoming more frequent. On a monthly basis, consumer prices decreased 0.23 percent, after rising 1.70 percent in the previous month.

The annual inflation rate in Ethiopia rose further to 18.6 percent in September 2019 from 17.9 percent in the prior month. It was the highest inflation rate since September 2012, mainly driven by surging prices of food amid shortages of basic goods such as wheat, sugar and edible oil. On a monthly basis, consumer prices increased 1.70 percent, following a 2.32 percent rise in the previous month.

The annual inflation rate in Ethiopia soared to 17.9 percent in August 2019 from 15.5 percent in July. It is the highest inflation rate since September 2012, mainly attributable to lingering effects of drought and security problems amid an upsurge in ethnic violence across the country in recent months. Prices continued to climb for food (23 percent vs 20.1 percent in July), especially major cereal types such as teff, barely, sorghum and maize and also some vegetables used daily, including onions and garlic. Also, cost rose faster for non-food products (12 percent vs 10.3 percent). On a monthly basis, consumer prices inched up 2.32 percent, following a 1.27 percent increase in the previous month.

The annual inflation rate in Ethiopia rose further to 15.5 percent in July 2019 from 15.4 percent in the previous month, hitting its highest level since June last year. Prices rose faster for food (13.7 percent vs 13.1 percent in June) while slowed slightly for non-food items (11.4 percent vs 11.9 percent). On a monthly basis, consumer prices rose 1.3 percent, after a 1.6 percent gain in the prior month.

Annual inflation rate in Ethiopia shot up to 15.4 percent in June 2019 from 12.6 percent in the previous month. It was the highest inflation rate since June last year, amid rising prices of both food and non-food products. "Unrest in different parts of the country, the forex crunch, a shortage of commodities and lower productivity" were pointed as possible reasons by Ahmed Shide, minister of Finance, speaking to the parliament in the middle of the month.

The annual inflation rate in Ethiopia rose to 12.9 percent in April 2019 from 11.2 percent in the prior month, hitting its highest level since August. Prices increased faster mostly for food & non-alcoholic beverages (14.5% vs 11.4% in March), namely bread & cereals (16.6%), meat (9.5%), milk, cheese & eggs (13.1%); and alcoholic beverages & tobacco (14.2% vs 1.1%), attributable to the Easter holiday season. Meanwhile, cost slowed for housing & utilities (7.9% vs 8.9%); clothing & footwear (15% vs 19.7%); restaurants & hotels (12.5% vs 13.2%) and transport (15.6% vs 16.8%). On a monthly basis, consumer prices went up 1.8 percent, following a 2.2 percent rise in the previous month.