Inflation showed a slight increase last month, reaching 11.1pc. While food inflation was 11.4pc, the price of non-food items increased by 10.8pc compared to March of the previous year. Inflation in February was 10.9pc. Price increases were observed on food items such as teff, rice, wheat, fruits and vegetables. The prices of meat, butter, milk and eggs showed a slight decrease in prices compared to February. This is not in keeping with the government’s target of keeping inflation within single digits. The past fiscal year saw an annual inflation rate of 13pc. The Agency was using 2011 as the baseline year for the past eight years but changed the baseline year to 2016 at the beginning of this year.
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