Infographic: Root Cause Remains Puzzle, Yet Cost of Living Keeps Rising
The latest figures from the Central Statistical Agency show that food inflation has marked a 3.1-percentage-point increase to reach 25.1pc, year-over-year. This has pushed a quintal of white teff to more than 4,000 Br. As consumers struggle, experts blame agricultural productivity, long supply chains and a growing monetary base for the increase in food prices, writes TEMESGEN MULUGETA, FORTUNE STAFF WRITER.
Under normal circumstances, February is an amiable month to consumers of food items. Supply increases and inflation stabilises, offering a breath of fresh air in an economy where...