Agenda | Nov 23,2019
August 4 , 2021
Prices of food items hit a level recorded a decade ago, with headline inflation at 26.4pc last month, according to the Central Statistics Agency (CSA).
Such rates have not been registered since the time of the late Prime Minister Meles Zenawi, whose administration’s exchange rate adjustment policies were criticised as inflationary.
Driven by the fast depreciation of the Birr against major currencies and supply-side problems, the cost of living has been ballooning over the last three years.
The Birr has been depreciated by as high as 25pc against the Dollar since last year, a development that makes imports expensive while chipping away at the value of exported goods.
The prices of food showed a strong upward trend during the last month, while non-food items showed an almost similar increase. Food prices have surged by 32pc, the highest in 10 years, and non-food inflation stood at 19pc, showing no change since June 2021.
Agenda | Nov 23,2019
Radar | May 11,2019
Radar | Oct 17,2020
Fortune News | May 15,2021
Viewpoints | Jan 18,2019
Radar | Dec 05,2020
Fortune News | Mar 12,2020
Viewpoints | Jun 29,2019
Radar | Dec 05,2018
Featured | Sep 04,2021
Fortune News | 41112 Views | Jul 18,2020
Fortune News | 34967 Views | Sep 01,2021
Photo Gallery | 26354 Views | May 06,2019
Photo Gallery | 24817 Views | Mar 17,2019
The role of businesses in society has been extensively discussed, typically involving...
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 senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or tw...
September 26 , 2021
There are two editions of The Economiston Africa influenced by the narrative on the c...
September 18 , 2021
It could be customary to wish well for the holiday seasons. If only the New Year cele...
September 10 , 2021
What dominates a customary display of festivities during Ethiopia`s New Year weeks is...
September 4 , 2021
Ethiopia has become a familiar topic at the United Nation’s Security Council, a pow...
PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize
May 6 , 2019
The income gap has been rising in Ethiopia for quite a while, leading to crimes. Along with the cost of living, violence is also on the clim...
Or see contact page