My Opinion | 130964 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 | 130964 Views | Aug 14,2021
My Opinion | 127303 Views | Aug 21,2021
My Opinion | 125297 Views | Sep 10,2021
My Opinion | 122955 Views | Aug 07,2021
Jun 21 , 2025
A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...
Jun 14 , 2025
Yet again, the Horn of Africa is bracing for trouble. A region already frayed by wars...
Jun 7 , 2025
Few promises shine brighter in Addis Abeba than the pledge of a roof for every family...
May 31 , 2025
It is seldom flattering to be bracketed with North Korea and Myanmar. Ironically, Eth...
Loading your updates...