My Opinion | 111646 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 | 111646 Views | Aug 14,2021
My Opinion | 107984 Views | Aug 21,2021
My Opinion | 106671 Views | Sep 10,2021
My Opinion | 104731 Views | Aug 07,2021
Oct 12 , 2024
In his inaugural address on October 27, 2024, Taye Atseqesellasie, the fifth presiden...
Oct 5 , 2024
Not long ago, the sight of exchange bureaus in Addis Abeba was as rare as a cloudless...
Sep 28 , 2024
In the early 2010s, Ethiopian authorities found themselves at odds with the Internati...
Sep 21 , 2024
A nurse in Addis Abeba shares a cramped one-room apartment with three colleagues. Her...