Eritrea Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Eritrea's inflation rate was 1.30% in 2019, ranked 64th globally. This represents a 109.0% increase from 2018. Data from World Bank, covering 1993–2019.
Overview
Eritrea's inflation rate stood at 1.30% in 2019, a rise of +15.70pp from 2018. Eritrea ranked 64th globally.
Eritrea’s inflation trajectory has been unusually volatile over the 27‑year span from 1993 to 2019, moving from a modest 4.79 % in the early 1990s to an all‑time peak of 33.85 % in 2009 before plunging to a historic trough of –14.40 % in 2018. By 2019 the rate had moderated to 1.30 %, placing the country 64th globally and closely aligned with peers such as Tonga (1.18 %) and Albania (1.41 %). The sharp rise in 2009 coincided with regional commodity price shocks and domestic fiscal pressures, while the subsequent deflationary episode reflected tightened monetary conditions and reduced import demand. The post‑trough rebound to a low‑single‑digit figure suggests a partial re‑anchoring of price expectations, yet the narrow margin leaves the economy vulnerable to external shocks. Continued fiscal discipline and gradual monetary easing could sustain the modest inflation level, steering Eritrea toward a more stable price environment in the coming years.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2019 | 1.30% | +15.70pp | #64 |
| 2018 | -14.40% | −1.10pp | #1 |
| 2017 | -13.31% | −7.73pp | #1 |
| 2016 | -5.58% | −34.06pp | #1 |
| 2015 | 28.48% | +20.12pp | #195 |
| 2014 | 8.36% | +2.09pp | #183 |
| 2013 | 6.27% | +0.24pp | #160 |
| 2012 | 6.04% | +0.15pp | #144 |
| 2011 | 5.89% | −4.41pp | #132 |
| 2010 | 10.30% | −23.56pp | #182 |
| 2009 | 33.85% | +11.68pp | #196 |
| 2008 | 22.17% | +12.76pp | #180 |
| 2007 | 9.41% | +1.70pp | #167 |
| 2006 | 7.71% | −4.80pp | #146 |
| 2005 | 12.51% | −12.61pp | #173 |
Detected Pattern
Analysis
Eritrea matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's inflation rate was 1.30% in 2019. Ranked 64th globally. This represents a 109.0% increase from the previous year.
Eritrea's inflation rate peaked at 33.85% in 2009.
The lowest inflation rate in Eritrea was -14.40% in 2018.
Eritrea ranks 64th globally in inflation rate as of 2019.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
The inflation rate of Eritrea in 2019 was 1.30%. This ranks 64th in the world.
Cite this page
@misc{historysaid_eritrea_inflation-rate,
title = {Eritrea Inflation Rate},
url = {https://historysaid.com/eritrea/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}