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Inflation Rate Trends and Forecast for Ethiopia from 1990 to 2029

Inflation Rate Trends and Forecast for Ethiopia from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Ethiopia from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Ethiopia
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Ethiopia experienced periods of extreme inflation, such as 44.4% in 2008, driven by rising food prices and political instability. Inflation remained elevated, peaking again at 33.9% in 2022, reflecting supply chain disruptions, conflict, and global economic pressures.

Projections indicate a gradual decline to 14.3% by 2026, with inflation stabilizing thereafter. This trend underscores the importance of economic reforms and political stability in curbing inflationary pressures in Ethiopia.

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