Inflation rates for food items were mixed in the last quarter of the financial year according to a research released by Access 
Capital.
The inflation on important food items showed some increases compared to the last financial year according to the report. Some improvement however was observed in the price of other food items like cooking oil.
Items that showed a double digit increase in this quarter of the year were teff, table salt, green pepper, and onion while Broccoli showed a 200 percent increment. On the other hand a price decrease was seen on the price of some construction materials like iron, cement, and cables while wood materials have also increased in double digits.
The price of petroleum has shown a minimum decrease in price in the fiscal period with Benzene showing a 10 percent decrease, diesel oil a 5 percent decrease, and kerosene a 1 percent decrease noted the report.This can be an encouraging sign for price stabilization in the country, it was said. The forecast for inflation rate in the report suggests that a double digit increment on construction materials and live stock products can be expected in the next fiscal period.
It also indicated that the inflation on food items will continue to grow by 22 percent for the coming quarter of the year.
Source: Fortune
