My Opinion | 121187 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 | 121187 Views | Aug 14,2021
My Opinion | 117292 Views | Aug 21,2021
My Opinion | 115998 Views | Sep 10,2021
My Opinion | 113703 Views | Aug 07,2021
Jan 18 , 2025
Adanech Abebie, the mayor of Addis Abeba, addressed last week a warm-up session for h...
A severe cash shortage squeezes the economy, and the deposit-to-loan ratio has slumpe...
Jan 4 , 2025
Time seldom passes without prompting reflection, and the dawn of 2025 should nudge Et...
Dec 28 , 2024
On a flight between Juba and Addis Abeba, Stefan Dercon, a professor of economic poli...
Loading your updates...