Ethiopia inflation rate for 2023 was 30.22%, a 3.67% decline from 2022.
Ethiopia inflation rate for 2022 was 33.89%, a 7.05% increase from 2021.
Ethiopia inflation rate for 2021 was 26.84%, a 6.48% increase from 2020.
Ethiopia inflation rate for 2020 was 20.36%, a 4.55% increase from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.