Ethiopia has been ranked 53rd in the world with cost of living index, becoming Africa’s most expensive country to live in.
The world’s largest cost of living database in its latest report said people in Ethiopia now spend more money on basic things like food, transportation, and dining compared to other African countries,
The report titled “Cost of Living Index by Country 2025” shows that Ethiopia is ranked 53rd in the world with cost of living index 46.5, higher than any other African country listed.
The high cost of groceries is one of the main reasons for Ethiopia’s top ranking. This shows that it is becoming harder for people to afford their weekly shopping, especially for families living on fixed or low incomes.
Ethiopia’s position stands in contrast to other relatively high-ranking African nations on the cost-of-living scale. Botswana, Mozambique, Ivory Coast, Somalia, Cameroon, and Mauritius follow behind, with Zimbabwe trailing these countries.
Although rent in Ethiopia is still relatively low compared to many parts of the world, the combined cost of rent and living expenses remains very high for most people. Eating at restaurants, transportation, and general services are all getting more expensive.
The transportation index shows that traveling inside the country, whether for work or personal needs, is more costly than in most other African countries.
These rising costs come during a time of economic change. Over the past year, Ethiopia has made big shifts in its economy such as adjusting its currency system and reducing government spending.
MG/as/APA