Inflation Rate (CPI): Eritrea

Analysis# Eritrea Inflation Rate (CPI) Eritrea's inflation rate stood at 1.3% in 2019, representing a dramatic stabilization after decades of volatility. The country experienced severe inflationary pressure in 2009, when CPI peaked at 33.9%, but has since moderated substantially. Since 1993, the inflation rate has declined 72.9% overall, indicating a long-term deflationary shift in the economy. The most striking development occurred between 2015 and 2018, when Eritrea swung from 28.5% inflation to -14.4% deflation—the lowest recorded value in the dataset. This sharp reversal suggests significant economic restructuring or currency adjustments during that period. The 2019 rebound to 1.3% signals a return to near-neutral price growth, though sustained monitoring will determine whether the economy maintains this stability or faces renewed inflationary pressures.