Agenda | Sep 10,2022
Oct 5 , 2021
The rate of inflation for food items has reached a staggering 42pc, a latest report from the Central Statistics Agency revealed.
The ballooning of cost of living has been a major hurdle for policymakers over the last two years, compelling Prime Minister Abiy Ahmed (PhD) to declare a national urgency during his inaugural speech yesterday.
Fast depreciation of the Birr against major currencies and dearth in the supply of food items have contributed to the inflationary pressure.
Last month, headline inflation reached 34.8pc, an increase from 30.4pc in August 2021. The non-food component of inflation also upped from 20.8pc to 25.2pc during the same period.
Such an increase was reported despite the attempt of authorities to curb the inflationary pressure through administrative measures, including the introduction of a price cap for food items and a ban on rent increase.
Agenda | Sep 10,2022
Agenda | Mar 11,2023
Radar | Jan 11,2020
Radar | Oct 12,2019
Commentaries | Oct 05,2024
Featured | Sep 28,2019
View From Arada | Jul 15,2023
Editorial | Feb 10,2024
Commentaries | Dec 09,2023
Fortune News | May 20,2023
My Opinion | 120562 Views | Aug 14,2021
My Opinion | 116654 Views | Aug 21,2021
My Opinion | 115407 Views | Sep 10,2021
My Opinion | 113146 Views | Aug 07,2021
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...
Dec 21 , 2024
The main avenues and thoroughfares of Addis Abeba have undergone an impressive faceli...
Loading your updates...