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Ethiopia's Consumer Price Rose to 8% in July

Ethiopia's consumer price rose to 8 percent in July up from 7.4 percent in June, Fortune reported citing the latest Consumer Price Index released by the Central Statistical Agency.

The year-on-year food inflation in July was 5.8 percent from 3.7 percent in June, while non-food inflation was 10.5 percent in July from  11.9 percent in June.

 

The increment in non-food inflation was primarily fueled by rise in prices of clothing & footwear, firewood, household goods and furnishings.

Ethiopia's year-on-year inflation has dropped to single digits starting from March this year, inflation has started to climb steadily after two months.

Source: Fortune