Agenda | Jul 18,2021
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 | Jul 18,2021
Agenda | May 20,2023
My Opinion | Mar 26,2022
Agenda | Sep 11,2020
Fortune News | Sep 02,2023
Fortune News | May 23,2020
Fortune News | Nov 24,2024
Sponsored Contents | Aug 22,2022
Radar | May 13,2023
Agenda | Dec 09,2023
My Opinion | 125761 Views | Aug 14,2021
My Opinion | 121881 Views | Aug 21,2021
My Opinion | 120050 Views | Sep 10,2021
My Opinion | 117985 Views | Aug 07,2021
Mar 9 , 2025
Five years ago, 11 non-governmental organisations (NGOs), together with 40 allies acr...
Mar 2 , 2025
The domestic economy has endured a punishing half-decade. A global pandemic throttled...
Feb 23 , 2025
Africa is a place where the frustrations of its elites run high due to what they feel...
Feb 16 , 2025
Madame Kristalina Georgieva, managing director of the International Monetary Fund (IM...
Loading your updates...