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.
Central Statistics Agency said inflation rate has hit double digits for the first time in 27 months.
Central Statistics Agency of Ethiopia (CSA) disclosed year on year inflation rate has rose to 7.9 percent in month of May. According to the Agency’s report inflation rate for March was 7.4 percent.
Year on year inflation rate of Ethiopia has dropped to 7.4 percent in April from 7.5 percent in March.
Year on year Inflation rate of Ethiopia has reached 8.8 percent in June, Central Statistics Agency (CSA) disclosed. The inflation rate was 8.7 percent in the previous month.
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.