Posts Tagged ‘Ethiopian inflation rate’

Ethiopia: Annual Inflation Rate Falls to 35.9% in December

January 10 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , ,

Ethiopia’s annual inflation rate dropped to 35.9 percent in December as some food costs declined, the Central Statistical Agency said. Inflation slowed from 39.2 percent in November, the agency said in an e-mailed statement today from Addis Ababa, the capital. Prices rose 1.7 percent in the month, while food prices climbed 0.2 percent from November, even as the... Read more

Ethiopia’s ‘Distorted’ Monetary Plan Needs Reform, IMF Says

October 14 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized, United States Tags: , , , , , ,

(Bloomberg) — Ethiopia’s “highly distorted” monetary policy requires urgent reorganization because it is stunting growth and undermining macroeconomic stability, the International Monetary Fund said. The Horn of Africa country’s five-year economic-development plan that starts in the fiscal year beginning July 8, 2010, and targets annual growth of 11.2 percent is “very ambitious,”... Read more

Ethiopia inflation up in Aug on food prices

September 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , ,

* Inflation pushed higher by rising cereal prices * High inflation a problem in region By Aaron Maasho ADDIS ABABA, Sept 13 (Reuters) – Ethiopia’s year-on-year inflation jumped to 40.6 percent in August from 39.2 percent a month before as food prices rose, especially for cereals, the statistics office said on Tuesday. Food prices account for 57 percent of the... Read more

New $200 birr note, Ethiopian National Bank is studying to print

August 22 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , , , , ,

Ethiopian National Bank (NBC) is considering to print a $200 birr note according to a report. Sources that are close to the matter told to the Amharic news website Ethiopianreporter.com, the pressure is getting high to have a 200 birr note in the market. Some private banks already requested the National bank to print a bigger value notes... Read more

 Food prices push Ethiopia inflation  to 39 pct

August 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , ,

* July food costs up 47.4 pct yr/yr * Alcohol and tobacco, transport also climb ( ADDIS ABABA Aug 8 (Reuters) – Consumer prices in Ethiopia jumped 39.2 percent in July from a year earlier, mainly driven by a surge in food costs, the statistics office said on Monday. Food prices, which account for 57 percent of the consumer... Read more

Ethiopia Inflation Rate Climbs to 38.1% in June From Year Ago

July 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Politics, Uncategorized Tags: , , , , , ,

Ethiopia’s inflation rate climbed to 38.1 percent in June from a year earlier as food costs increased and the central bank boosted the money supply. Inflation accelerated from 34.7 percent in May, the Central Statistical Agency, based in the capital, Addis Ababa, said in an e-mailed statement today. Food prices surged 45.3 percent in June... Read more

Ethiopian Annual Inflation Rate Increased to 34.7% in May

June 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , ,

June 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... Read more

Ethiopian Economic Growth to Beat IMF Forecast, Deputy Prime Minister Says

June 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized, World Tags: , , , , , , , ,

Ethiopia’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... 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: , , , , ,

Bloomberg: 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... Read more

Food prices push Ethiopia inflation to nearly 30 pct

May 11 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , ,

Ethiopia’s April inflation rate jumps to 29.5 pct Soaring prices in region have triggered protests ADDIS ABABA,  (Reuters) – Ethiopia’s year-on-year inflation rate rose for a second straight month to 29.5 percent in April, from 25.0 percent a month earlier, driven by a sharp rise in food prices, the statistics agency said on Tuesday. “The total price index... Read more

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