Monday, 09 July 2012 .The year on year inflation rate in Ethiopia fell to 20.9% in June from 25.5% in May showing a decrease for the fourth straight month according to the Central Statistics Agency.
Year on year food prices also lowered to 21.5% from 29.2% in May while non-food inflation increased slightly to 19.8% from 19.6% in the previous month said the agency.
Prices did not show any change month on month.
The inflation rate in Ethiopia is expected to keep decreasing and reach single digit figure in November.
The year-on-year inflation rate fell to 32% in the new year compared to 35.9% in December. It, however, rose to 36.3% in February. It has been steadily decreasing from March onwards. It was 32.5% in March, then fell to 29.8% in April.
Source: Reuters
Subscribe to:
Post Comments (Atom)
Ethiopian can not afford a prolonged war.
Ethiopian can not afford a prolonged war. Ethiopia as the poorest country in the world is dependent on aid. A prolonged war simply depletes ...
-
8/10/2012 The prolonged absence of Meles Zenawi, Ethiopia’s usually hyperactive prime minister, has sparked a covert succession struggle at ... -
8/17/2012 His Holiness, Abune Paulos, Fifth Patriarch of the Ethiopian Orthodox Tewahdo Church, Ichege of the See of St. Tekle Haymanot, Arc... -
Wednesday, 29 August 2012 - African Development Bank approved a 251 million US dollar loan for Ethiopia. The two parties signed the loan agr...
No comments:
Post a Comment