The Ethiopian Statistical Service reported that year-on-year inflation for last month sat at 34.2pc. Food inflation registered at 40.7pc while non-food inflation showed a 25.3pc surge from October last year. The report states that most of the components in the food index showed an increase compared to a similar period last year. The highest inflation rates were recorded in the Somali and Southern regional states, which registered 40.1pc and 37.3pc, respectively. Last month, the Service reported the highest inflation rates seen in a decade. Food inflation surged by 42pc while headline inflation had grown by 34.8pc.
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