Inflation Ethiopia 2023
Average inflation: 30.4%
Current Inflation
Inflation is very high at 30.4%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 34.2%. The lowest inflation was in August at 28.2%.
- Highest month
- March: 34.2%
- Lowest month
- August: 28.2%
- Difference
- 6.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 30.7%. The lowest price increase was in Energy with an average of 26.6%.
- Highest increase
- Food: 30.7%
- Lowest increase
- Energy: 26.6%
Historical Context
Current inflation is 5.0% higher than the 5-year average of 25.4%.
- 5-year average
- 25.4%
- 10-year average
- 17.7%
- All-time high (2022)
- 34%
- All-time low (2016)
- 7.3%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -3.6 percentage point.
- Change vs. previous year
- -3.6 percentage points
- Largest monthly swing
- November: -6.8 percentage points
ECB Target
Inflation is 28.4% 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 €130.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 33.9% | -0.5 |
| February | 32.1% | -1.5 |
| March | 34.2% | -0.5 |
| April | 33.5% | -3.1 |
| May | 30.8% | -6.4 |
| June | 29.4% | -4.6 |
| July | 28.8% | -4.7 |
| August | 28.2% | -4.3 |
| September | 28.3% | -2.4 |
| October | 29.2% | -2.5 |
| November | 28.3% | -6.8 |
| December | 28.7% | -5.1 |
| Average | 30.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.