Ethiopia: Inflation Rose Above 10 Percent

Ethiopia’s year on year inflation has become a double digit and reached 10.4 percent in August from where it stood in July, 9.4 percent.

In August food inflation rose to 13.3 percent from 12.5 percent. According to Central Statistics Agency (CSA), this is attributable to the increase in the price of cereals.

Non-food inflation also rose from 5.9 percent in July to 7.1 percent August. This is said to be mainly in the rise of price for chat, clothing and footwear, housing and energy, and household goods and furnishings.

Source: Ethiopian News Agency

Exchange Rates

Selling Buying
USD US 27.8724  27.3259 
GBP UK 35.1253  34.4366 
EUR EU 32.6218  31.9822 
CHF CHE 26.7385  26.2142 
CAD CA 19.1719  18.796 
AED UAE 6.8674  6.7327