ADDIS ABABA, Ethiopia (AP) — When Ethiopia’s government imposed price controls in January to combat the spiraling cost of staples like meat, cooking oil and bread, butcher Wabe Habse had a long line of customers, but could barely make a profit. Now, after price controls were dropped earlier this month, Wabe is still not making money. “The meat... Read more
Posts Tagged ‘Ethiopian economy’
Ethiopia food prices spike after govt intervention. Food becomes unaffordable for many
June 21 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Economy, Ethiopian economy, food, food price, food price in Ethiopia, inflation
Ethiopian Annual Inflation Rate Increased to 34.7% in May
June 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Economy, Ethiopian economy, Ethiopian inflation rate, inflation, inflation rateJune 13 (Bloomberg) — Ethiopia’s annual inflation rate climbed to 34.7 percent in May as food prices surged, the Central Statistical Agency said. Inflation accelerated from 25.6 percent in the previous month, the Addis Ababa-based agency said in an e-mailed statement today. Food prices jumped 41 percent in the year, compared with a 32.2 percent increase... Read more
Ethiopian Economic Growth to Beat IMF Forecast, Deputy Prime Minister Says
June 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized, World Tags: birr inflation, Economy, Ethiopian economy, Ethiopian inflation rate, Hailemariam, Hailemariam Desalegn, Ken Ohashi, Ohashi, World BankEthiopia’s deputy prime minister, Hailemariam Desalegn, dismissed forecasts that economic growth would slow sharply this year and next and that monetary policy was pushing up inflation, saying growth may exceed 10 percent. Expansion won’t drop below 9 percent in the fiscal year to July 7, 2012, from 11.4 percent this year, Hailemariam, who is also the minister of foreign affairs, said... Read more
Ethiopian Investment Plan May Be Unsustainable, World Bank Says
June 8 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized, World Tags: Ethiopian, Ethiopian economy, investment, Ken Ohashi, World Bank(Bloomberg) -Ethiopia’s dependence on foreign capital to finance budget deficits and a five-year investment plan is unsustainable, said Ken Ohashi, the World Bank’s country director for the Horn of Africa nation. The government plans to borrow at least 398.4 billion Ethiopian birr ($23.6 billion) from home and abroad to fund the five-year growth plan, with an additional 75.4 billion birr... Read more
Ethiopian Economy May Expand 7.5% This Fiscal Year; Slow in 2012, IMF Says
May 31 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Economic, Ethiopian economy, Ethiopian inflation rate, IMF, inflation rate, National Bank of EthiopiaBloomberg: Ethiopia’s economic expansion may slow next fiscal year amid rising inflation, restrictions on private-bank lending and a “difficult” business environment, the International Monetary Fund said. The growth rate may slow to 6 percent in the fiscal year to July 7, 2012, from 7.5 percent this year, the Washington-based lender said in an e-mailed statement today. The IMF’s estimate for 2010-11... Read more
Ethiopia- Flower earnings may surge by 2016: Growers
April 27 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Economy, Ethiopian economy, ethiopian flower, Ethiopian Flower export, flower, Flower exportADDIS ABABA (Reuters) – Ethiopia’s income from horticulture exports is expected to more than triple to $550 million in five years due to rising investment, the head of a growers’ association said on Monday. More than 90 companies, including foreign firms, have set up in the sector, where investors have taken up 1,600 hectares for flower production, and 1,200 for vegetables. Tsegaye... Read more
Ethiopian poor being swallowed by rising tide
April 21 | Posted by Ethiopiaforums | Blog, Economy, News, Uncategorized Tags: birr inflation, By Kent Bush, Eleni Gabre-Mahdin, Ethiopian economy, Ethiopian inflation rate, Fuel price, inflation, Kent BushBlog By Kent Bush It is impossible to visit Ethiopia and not notice the disparity. In Addis Ababa, the country’s capital, people in Land Rovers on their way to nice restaurants drive past beggars hoping simply to collect enough money to have one meal that day. In the outlying areas of the country, people struggle as subsistence farmers and... Read more
Inflation, Drought Deal Ethiopia a Double Blow
April 16 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Politics, Uncategorized Tags: Drought, Economist, Ethiopia inflation rate, Ethiopian economy, inflation, Price cap, price ceiling, World Food ProgramVOA: Ethiopia has been dealt a double setback with word that inflation is rising rapidly at a time when drought is threatening crops and adding to the numbers of people needing food aid. ’s Central Statistical Agency Friday announced the consumer price index was 25 percent higher in March than a year ago. That follows a 16.5 percent increase in... Read more
Ethiopia: Price shock continues despite ceiling
March 16 | Posted by Ethiopiaforums | Economy, Ethiopia, Featured, Uncategorized Tags: 1 kilo coffee, coffee, Economy, Ethiopian coffee, Ethiopian economy, food price, Price capIn a small shop last Thursday a middle aged woman bought a quarter kilo of coffee for 30 birr. If this doesn’t grab your attention consider that only two weeks ago an entire kilo of coffee was selling for 80 birr and only recently it was 50 birr for a kilo. That makes the 120 birr per kilo a one... Read more
Ethiopia inflation rate falls to 16.5 pct in February
March 14 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Ethiopian economy, Ethiopian inflation rate, inflation, inflation rate(Reuters) ADDIS ABABA – Ethiopia’s annual inflation rate dipped to 16.5 percent in February from 17.7 percent in the previous month as food prices rose more slowly, the horn of Africa country’s statistics office said on Monday. The fall in the rate followed two months of rises. Ethiopia has placed price caps on more than a dozen... Read more
Ethiopian Birr Converter