My Opinion | 115463 Views | Aug 14,2021
.
There appears little solace for consumers in Ethiopia, with the year-on-year headline inflation reaching at 20.6pc in March this year, a little over the nearly 20pc annual average last year.
The largest increase in prices was seen in food items such as edible oil, fruit and vegetables and spice, according to a statement by the Ethiopian Statistics Agency. The consumer price index (CPI) for the month of March shows a 22pc jump compared to the same period last month. Non-food items such as fuel and energy, alcohol, tobacco and chat as well as transport, medical expense and construction materials have seen an increase in prices of 18.9pc.
Inflation is an unrelenting trend in the economy, eating up the purchasing power of the Birr, and disadvantages the fixed income group in society.
PUBLISHED ON
[ VOL
, NO
]
My Opinion | 115463 Views | Aug 14,2021
My Opinion | 111506 Views | Aug 21,2021
My Opinion | 110465 Views | Sep 10,2021
My Opinion | 108319 Views | Aug 07,2021
Nov 16 , 2024
In the realm of public finance, balance sheets speak louder than rhetoric. In such do...
Nov 9 , 2024
Ethiopia's foreign exchange debacle resembles a tangled web of contradictions and con...
Nov 2 , 2024
Addis Abeba, fondly dubbed a 'New Flower,' is wilting under the weight of unchecked u...
Oct 26 , 2024
When flames devoured parts of Mercato, residents watched helplessly as decades of toi...
Loading your updates...