Inflation Ethiopia 2022
Average inflation: 34.0%
Current Inflation
Inflation is very high at 34.0%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 37.2%. The lowest inflation was in September at 30.7%.
- Highest month
- May: 37.2%
- Lowest month
- September: 30.7%
- Difference
- 6.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 37.3%. The lowest price increase was in Energy with an average of 20.2%.
- Highest increase
- Food: 37.3%
- Lowest increase
- Energy: 20.2%
Historical Context
Current inflation is 11.9% higher than the 5-year average of 22.1%. This approaches the highest level since records began (34.0% in 2022).
- 5-year average
- 22.1%
- 10-year average
- 15.4%
- All-time high (2022)
- 34%
- All-time low (2016)
- 7.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +7.5 percentage point.
- Change vs. previous year
- +7.5 percentage points
- Largest monthly swing
- May: +17.3 percentage points
ECB Target
Inflation is 32.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €134.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 34.4% | +15.1 |
| February | 33.6% | +13.0 |
| March | 34.7% | +13.9 |
| April | 36.6% | +17.3 |
| May | 37.2% | +17.3 |
| June | 34.0% | +9.4 |
| July | 33.5% | +7.1 |
| August | 32.5% | +2.1 |
| September | 30.7% | -4.1 |
| October | 31.7% | -2.6 |
| November | 35.1% | +2.1 |
| December | 33.8% | -1.3 |
| Average | 34.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.