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Ethiopia: Year-on-year inflation hits 10.8 percent in September

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Saturday October 07, 2017 - 22:57:33 in Latest News by Ahmed Editor
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    Ethiopia: Year-on-year inflation hits 10.8 percent in September

    Ethiopian year-on-year inflation increased to 10.8 percent in September from 10.4 percent in August, according to the Central Statistical Agency of Ethiopia (CSA).September is a month of multiple holidays in Ethiopia which leaves its own influence on

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Ethiopian year-on-year inflation increased to 10.8 percent in September from 10.4 percent in August, according to the Central Statistical Agency of Ethiopia (CSA).September is a month of multiple holidays in Ethiopia which leaves its own influence on the rise in inflation, the agency said in a statement on Saturday.

It said food inflation went up by 13.2 percent during the month under review.

There was an increase in the prices of cereals (especially Teff, Maize, Wheat, Barely and Sorghum) that led to the rise in food and general inflation.

In addition, there was rise in the prices of meat (beef, live sheep and chicken), milk, cheese and eggs, butter, tomatoes, onions, fruits (especially banana) and coffee beans, it explained.

The non-food inflation also rose by 8.1 percent mainly due to the rise in the prices of khat, clothing and footwear, housing and energy (especially charcoal), and household goods and furnishings, health care and food and drinks, the agency’s statement added.

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