cbe

awash

USD
134.3284
137.015
,
GBP
182.8999
186.5579
,
EUR
156.3001
159.4261
,
JPY
0.7944
0.8103
,
SAR
32.3255
32.972
,
AED
33.0163
33.6766
,
CAD
87.636
89.3887
,
CHF
145.6863
148.6
,
NOK
10.8911
11.1089
,
DKK
17.624
17.9765
,
SEK
,
DJF
,
INR
,
KES
,
AUD
,
ZAR
,
CNY

abyssinia

USD
134.385
137.0727
,
GBP
181.9681
185.6075
,
EUR
155.8784
158.996
,
AED
36.5902
37.322
,
CHF
168.6982
172.0722
,
SEK
14.1354
14.4181
,
NOK
13.3103
13.5765
,
CAD
98.5733
100.5448
,
SAR
35.8331
36.5498
,
CNY
18.7312
19.1058

abay

USD
134.4067
137.0949
,
GBP
182.4706
186.12
,
EUR
157.6322
160.7849
,
AED
36.5902
37.322
,
ZAR
7.5621
7.7134
,
SAR
35.837
36.5538
,
JPY
0.9179
0.9362
,
CHF
168.4706
171.8412
,
AUD
87.8751
89.9362
,
CNY
18.345
19.1092

zemen

CAD
98.4091
100.3773
,
EUR
155.998
159.118
,
GBP
173.9501
177.4291
,
SEK
14.1391
14.4219
,
USD
134.4019
137.0899

buna

nib

USD
134.3771
137.0647
,
GBP
182.7663
186.4217
,
EUR
157.6109
160.7632
,
CHF
168.498
171.8679
,
CAD
98.3223
100.2888
,
AED
36.5811
37.3128
,
SAR
35.8291
36.5457

berhan

wegagen

USD
134.3127
136.9991
,
GBP
182.4907
186.1405
,
EUR
157.3206
160.4671
,
CHF
168.4953
171.8652
,
SEK
14.0894
14.3712
,
CNY
18.7098
19.0841
,
JPY
0.9133
0.9316
,
AED
36.5733
37.3048

dgb

USD
132.0724
134.7138
,
EUR
148.5321
151.5027
,
GBP
167.2316
170.5762
,
CHF
130.8214
133.4378
,
SAR
29.9468
30.5457
,
AED
35.8921
36.6099
,
CAD
79.1617
80.7449

enat

USD
133.2192
135.8836
,
EUR
150.9515
153.9705
,
GBP
175.7216
179.236

ahadu

USD
134.2162
136.9005
,
GBP
180.1432
183.7461
,
EUR
154.5012
157.5912
,
CAD
94.4677
96.3514
,
SAR
35.0504
35.7514
,
AED
35.7909
36.5067

addis

USD
134.572
137.2634
,
EUR
158.0003
161.1603
,
GBP
184.1205
187.8029
,
SAR
35.8801
365977
,
CHF
168.4888
171.8586
,
AED
36.6402
37.373
,
KWD
0
0

dashen

USD
134.4989
137.1889
,
EUR
156.0187
159.1391
,
GBP
181.5735
185.205
,
CAD
87.962
89.7212
,
AED
33.1387
33.8014
,
SAR
32.4452
33.0941
,
CNY
16.8602
17.1974

oromia

USD
134.425
137.1135
,
GBP
177.1184
180.6607
,
EUR
148.9295
151.908
,
CHF
168.558
171.9291
,
SAR
35.8419
36.5587
,
AED
36.5942
37.326

lion

USD
134.0414
136.7222
,
GBP
180.27
183.8754
,
EUR
154.9538
158.0529

developmentbank

USD
132.3534
135.0005
,
GBP
180.6227
184.2351
,
EUR
155.8991
159.0171
,
CHF
166.7339
170.0686
,
SEK
13.8554
14.1325
,
NOK
13.1465
13.4094
,
DKK
20.8944
21.3123
,
DJF
0.7413
0.7561
,
JPY
0.9168
0.9352
,
CAD
97.376
99.3235
,
SAR
35.2895
35.9953
,
AED
36.0302
36.7508
,
INR
1.5492
1.5802
,
KES
1.0228
1.0433
,
AUD
86.7841
88.5198
,
SDR
182.1845
185.8281
,
ZAR
7.5184
7.6687
,
CNY
18.4784
18.848
,
KWD
433.2324
441.897

coop

USD
134.2806
136.9662
,
GBP
181.331
184.9576
,
SAR
34.2674
34.9528
,
AED
34.994
35.6938
,
EUR
155.4649
158.5742

gadaa

USD
134.1095
136.7917
,
GBP
165.8019
169.1179
,
EUR
158.0191
161.1795
,
AED
33.7659
34.4412
,
SAR
33.0073
33.6674
,
CHF
134.1436
136.8265

hijra

USD
134.0024
136.6825
,
EUR
152.5299
155.5805
,
GBP
177.3056
180.8518
,
SAR
36.1163
36.8386
,
AED
36.8772
37.6148

amhara

USD
134.6599
137.3531
,
GBP
184.8746
188.5721
,
EUR
157.7541
160.9092
,
CAD
98.6086
100.5808
,
AED
36.6691
37.4025
,
SAR
35.9055
36.6236

tsehay

USD
132.9499
135.6089
,
GBP
169.2591
172.6443
,
EUR
148.935
151.9137
,
CAD
89.6864
91.4801
,
SAR
33.3311
33.9977
,
AED
34.0606
34.7419
,
AED

tsedey

USD
134.2875
136.9732
,
EUR
158.1772
161.3408
,
GBP
183.2621
186.9274
,
AED
36.5567
37.2879
,
CHF
169.1704
172.5538
,
SEK
14.0578
14.339
,
NOK
13.3386
13.6054
,
DKK
21.1997
21.6237
,
DJF
0.7521
0.7671
,
INR
1.5719
1.6033
,
JPY
0.9302
0.9488
,
CAD
98.7989
100.7749
,
SAR
35.8052
36.5213
,
ZAR
7.6282
7.7808
,
CNY
18.7484
19.1234
,
KWD
439.5632
448.3545
,
KES
1.0378
1.0585

siinqee

USD
134.08
136.7616
,
EUR
157.015
160.1553
,
GBP
181.7173
185.3516
,
SAR
23.1262
23.5887
,
CHF
123.4786
125.9482
,
AED
36.3332
37.0599

hibret

USD
134.0001
136.6801
,
GBP
176.1027
179.6248
,
EUR
156.9397
160.0785
,
AED
36.4785
37.2081
,
CAD
98.5875
100.5593
,
CNH
18.7083
19.0825
,
CHF
148.0209
150.9813

gohbetoch

zamzam

USD
132
134.64
,
GBP
177.072
180.6134
,
AED
36.2533
36.9784
,
EUR
149.748
152.743
,
SAR
35.3367
36.0434
,
CAD
95.625
94.5375
,
CHF
160.185
163.3887

nbe

JPY
0.9382
0.9476
,
KWD
443.3502
447.7837
,
CNY
18.9099
19.099
,
ZAR
7.694
7.7709
,
XDR
186.4392
188.3036
,
EUR
159.54
161.1354
,
AED
36.8717
37.2404
,
SAR
36.1137
36.4748
,
AUD
88.8109
89.699
,
CAD
99.6501
100.6466
,
USD
135.4444
136.1459
,
KES
1.0467
1.0781
,
INR
1.5854
1.6013
,
DJF
0.7586
0.7813
,
DKK
21.3824
21.5962
,
NOK
13.4535
13.588
,
SEK
14.1789
14.3207
,
CHF
170.6279
172.3341
,
GBP
184.841
186.6894

binance

USDT
160.78
160.28

The recent inflation rate in Ethiopia has seen a notable decrease. As of March 2024, the annual inflation rate fell to 26.2%, which is the lowest it has been since June 2021. This decline marks the second consecutive month of falling inflation rates, down from 28.2% in February 2024. The decrease was observed in both food prices, which slowed to 29% from 31.6% in February, and non-food products, which decreased to 22% from 23.5%.On a monthly basis, consumer prices saw a significant jump of 4% in March, which is the highest increase within a year, following a 1% rise in the previous month.

The main components of the consumer price index in Ethiopia are Food and Non-Alcoholic Beverages, Housing and Utilities, and Clothing & Footwear, with food having the highest weight of 54%. Understanding the Forces Behind Ethiopia’s Inflation In the bustling markets of Ethiopia, where the vibrant colors of spices and textiles blend with the daily lives of its people, the topic of inflation often weaves into conversations. It’s a force that touches everything from the price of bread to the cost of a bus ride. But what exactly fuels this economic phenomenon in a country as diverse as Ethiopia.

 

The Money Trail Firstly, Money – the kind that jingles in your pocket. When there’s too much of it chasing too few goods, prices tend to rise. Ethiopia has seen its share of this monetary tango, with an increase in money supply nudging inflation forward. And then there’s the interest rate dance , where the central bank sets the rhythm. Lower rates can lead to more borrowing and spending, which can also turn up the heat on inflation.

Global Connections Ethiopia, like many countries, doesn’t operate in isolation. The prices of imported goods, especially essentials like food and oil, can sway the inflation pendulum. A spike in global oil prices?That’ll trickle down to the cost of living in Addis Ababa. The Daily Grind Everyday factors contribute as well. The cost of producing goods think wages and materials can push prices up if they increase And let’s not forget the price at the pump.Energy costs are like the heartbeat of an economy when they surge, the ripple effect can be felt across various sector

The Demand Factor As the economy grows and people have more to spend, demand for goods can outpace supply, leading to higher prices. It’s the classic case of too many Birr chasing too few goods. The Expectation Game Lastly, there’s the psychological aspect. If people expect prices to rise, they might start buying more now to avoid paying more later. This behavior, in turn,can actually cause prices to go up. In conclusion, inflation in Ethiopia is a complex dance of various factors – from the amount of money in circulation to the cost of energy and the expectations of its citizens. Understanding these drivers is crucial for policymakers who aim to keep the economy’s rhythm smooth and steady, ensuring that the daily lives of Ethiopians aren’t disrupted by the unpredictable waves of inflation.