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

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