FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Food Inflation Hits 42pc

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.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Red Gold Makes the Case for Smarter Agri Business Strategy

Volcanic soils, cool nights and temperate days have given strawberry growers the cond...

Africa Key to Sustained Global Growth

More than 50 years after decolonisation, the West still regards Africa as a supportin...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Tax Push Tests How Much Pain Taxpayers Can Bear

May 23 , 2026

An International Monetary Fund (IMF) team has spent weeks in Addis Abeba conducting t...

T-Bills Trap Begins in the Federal Government's Own Budget

May 16 , 2026

The federal budget tells a troubling story about inflation, debt and reform. The prob...

Every Encounter with the State Should Not Become an Invoice

May 9 , 2026

The Ethiopian state appears to have discovered a fiscal instrument that is politicall...

National Dialogue Has Everything But the Trust It Needs

May 2 , 2026

By the time Ethiopia's National Dialogue Commission (ENDC) reached the end of its fir...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

A Ball, A Father, A Life-time of Memory

Football was never merely a game in our household. It was ritual, language and affect...

Love, Not Blood, Makes a Family

There are moments that quietly expose the prejudices buried inside society. They appear in ordinary places, a hospital corridor, a waiting r...

Life Matters

When Problem-Solving Fails Because the Shape Looks Different

We like to think of ourselves as pattern-recognition machines. From the moment the day begins until sleep...

The Hidden Limits Behind Unlimited Data Plans

A few weeks ago, I found myself reaching for a mobile data package after our home Wi-Fi went down. The el...