FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds


Inflation Rate Hits Six-Year High

Mar 5 , 2020



Headline inflation, an indicator of the cost of living, reached a rate of 21.8pc last month, the highest rate in six years.

The rate jumped by three percentage points from the preceding month that saw inflationary pressure climb to 18.7pc, according to the latest Consumer Price Index from the Central Statistical Agency (CSA).

February's rate is the second in six years next to the 22.2pc rate that was registered in 2014.

Food inflation has marked a 3.1 percentage-point increase to reach 25.1pc, while the non-food inflation rate registered a higher swell with a three-percentage-point rise to 18pc.

"Except for rice and wheat, almost all other cereal prices rose during the month," reads the report.


Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Share This Post




Editorial