Ethiopia's inflation rate for food items for the Ethiopian month of Yekatit (February 8th-March 9th) plummeted to a single digit 7.9 per cent. The overall national inflation rate also fall to 10.3 percent for the same period, according to the Ethiopian Ministry of Finance and Economic Development.

The report indicated that, inflation rate for processed food fell by 6.1% , for transport and communication by 2.4% ,  for medical expenses by 9.3% and for oils and lubricants fell by 2.5%.

The report also registered price decline for grain by 6.9%, vegetables by 11% and spices by 26.4%. However, house rent, construction materials, and power costs rose by 11.7%, and garments and shoes saw a 20% rise.

Source: Walta