Ethiopia: Inflation Rate Hits Double Digits In 27 Months

Central Statistics Agency said inflation rate has hit double digits for the first time in 27 months.

In the month of June the inflation rate was 10.4%, showing one percent increase from the month of May.

The Agency noted price increase in foods and edible products, specifically meat, vegetables and fruits pushed the inflation into double digits.

Inflation in such commodities increased from 10.1% in May to 12.4% in June. Nonetheless, inflation in non-edible items decreased from 8.7% in May to 8.2% in June, the Agency stated.

Source: Ethiopian News Agency