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Ethiopia Inflation Rate

Ethiopia's inflation rate fell to 13.2% in September 2025, down from 13.6% in August 2025. This is the lowest rate since April 2019. Tighter monetary policy from the National Bank of Ethiopia and better agricultural output are helping to lower inflation. The bank aims for single-digit inflation through managing money supply and its policy rate. However, month-on-month inflation increased to 2.0% in September, showing new price pressures. Ethiopia's record low inflation was 5.5% in October 2016 and record high was 37.7% in May 2022.

Monthly Historical Data (2015-2025)

(in %)
Month Inflation Rate
Sep 2025 13.2%
Aug 2025 13.6%
Jul 2025 13.7%
Jun 2025 13.9%
May 2025 14.4%
Apr 2025 14.4%
Mar 2025 13.5%
Feb 2025 15%
Jan 2025 15.5%
Dec 2024 17%
Nov 2024 16.9%
Oct 2024 16.1%
Sep 2024 17.5%
Aug 2024 17.2%
Jul 2024 18.6%
Jun 2024 19.9%
May 2024 23.3%
Apr 2024 23.3%
Mar 2024 26.2%
Feb 2024 28.2%
Jan 2024 29.4%
Dec 2023 28.7%
Nov 2023 28.3%
Oct 2023 29.2%
Sep 2023 28.3%
Aug 2023 28.2%
Jul 2023 28.8%
Jun 2023 29.4%
May 2023 30.8%
Apr 2023 33.5%
Mar 2023 34.2%
Feb 2023 32%
Jan 2023 33.9%
Dec 2022 33.8%
Nov 2022 35.1%
Oct 2022 31.7%
Sep 2022 30.7%
Aug 2022 32.5%
Jul 2022 33.5%
Jun 2022 34%
May 2022 37.7%
Apr 2022 36.6%
Mar 2022 34.7%
Feb 2022 33.6%
Jan 2022 34.5%
Dec 2021 35.1%
Nov 2021 33%
Oct 2021 34.2%
Sep 2021 34.8%
Aug 2021 30.4%
Jul 2021 26.4%
Jun 2021 24.5%
May 2021 19.7%
Apr 2021 19.2%
Mar 2021 20.6%
Feb 2021 20.6%
Jan 2021 19.2%
Dec 2020 18.2%
Nov 2020 19%
Oct 2020 19.3%
Sep 2020 18.7%
Aug 2020 20%
Jul 2020 22.3%
Jun 2020 21.6%
May 2020 19.8%
Apr 2020 22.9%
Mar 2020 22.6%
Feb 2020 21.8%
Jan 2020 18.7%
Dec 2019 19.5%
Nov 2019 20.8%
Oct 2019 18.6%
Sep 2019 18.6%
Aug 2019 17.9%
Jul 2019 15.5%
Jun 2019 15.4%
May 2019 16.2%
Apr 2019 12.9%
Mar 2019 11.1%
Feb 2019 10.9%
Jan 2019 10.9%
Dec 2018 10.4%
Nov 2018 9.3%
Oct 2018 12.1%
Sep 2018 11.9%
Aug 2018 14.2%
Jul 2018 15.3%
Jun 2018 16.8%
May 2018 15.3%
Apr 2018 14%
Mar 2018 15.5%
Feb 2018 16.1%
Jan 2018 16.7%
Dec 2017 16.5%
Nov 2017 15.9%
Oct 2017 13.2%
Sep 2017 12.8%
Aug 2017 11.4%
Jul 2017 10.6%
Jun 2017 8.4%
May 2017 8.5%
Apr 2017 9.6%
Mar 2017 9.7%
Feb 2017 7.5%
Jan 2017 6.4%
Dec 2016 6.7%
Nov 2016 7.1%
Oct 2016 5.5%
Sep 2016 6.9%
Aug 2016 6.1%
Jul 2016 6%
Jun 2016 7.5%
May 2016 7.8%
Apr 2016 7.4%
Mar 2016 7.4%
Feb 2016 8.9%
Jan 2016 10.2%
Dec 2015 10%
Nov 2015 9.9%
Oct 2015 11.9%
Sep 2015 11.9%
Aug 2015 11.5%

Recent Events

datetime event actual previous consensus
2025-10-17 05:00 AM Inflation Rate YoY (Sep) 13.2% 13.6% -
2025-09-16 05:05 AM Inflation Rate YoY (Aug) 13.6% 13.7% -

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Ethiopia Inflation Rate : Definition
Ethiopia's inflation rate shows the increase in the general price level. It's calculated via the Consumer Price Index (CPI), tracking price changes for urban consumers' typical goods and services like food and housing. The rate is the CPI's percentage change. Ethiopia's National Statistical Agency compiles the CPI.