Ethiopia - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Ethiopia was 319.02 as of 2019. As the graph below shows, over the past 54 years this indicator reached a maximum value of 319.02 in 2019 and a minimum value of 4.32 in 1966.

Definition: Consumer price index reflects changes 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. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1965 4.38
1966 4.32
1967 4.35
1968 4.36
1969 4.42
1970 4.87
1971 4.89
1972 4.60
1973 5.01
1974 5.44
1975 5.79
1976 7.45
1977 8.69
1978 9.93
1979 11.52
1980 12.04
1981 12.78
1982 13.53
1983 13.44
1984 14.57
1985 17.35
1986 15.64
1987 15.26
1988 16.35
1989 17.62
1990 18.53
1991 25.15
1992 27.80
1993 28.78
1994 30.97
1995 34.07
1996 31.18
1997 31.93
1998 32.22
1999 34.77
2000 35.00
2001 32.12
2002 32.65
2003 38.45
2004 39.70
2005 44.84
2006 50.36
2007 59.04
2008 85.26
2009 92.48
2010 100.00
2011 132.01
2012 162.88
2013 175.04
2014 187.10
2015 205.00
2016 218.59
2017 241.93
2018 275.40
2019 319.02

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices