* Earnings hit $1.87 bln, up from $1.6 bln * Gold, oil seeds rise, coffee revenue down 7.9 pct ADDIS ABABA, March 27 (Reuters) – Ethiopia’s export earnings rose 16.6 percent in the eight months to February compared with the same period a year earlier, helped by rising revenue from gold and oilseed sales, while earnings from coffee dropped, ministry of trade data... Read more
Posts Tagged ‘Ethiopian inflation rate’
Ethiopia export earnings rise 17 pct yr/yr in 8 months to Feb
March 27 | Posted by Ethiopiaforums | Business, Economy, Ethiopia, News, Uncategorized Tags: Economy, Ethiopian economy, Ethiopian inflation rate, export, inflation, inflation rate
Ethiopia: Annual Inflation Rate Falls to 35.9% in December
January 10 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Ethiopia annual inflation, Ethiopia economy, Ethiopia inflation rate, Ethiopia's Inflation, Ethiopian inflation rate, inflation, inflation rateEthiopia’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 cost of some cereals... Read more
Ethiopia’s ‘Distorted’ Monetary Plan Needs Reform, IMF Says
October 14 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized, United States Tags: Economic, Economy, Ethiopia economy, Ethiopian economy, Ethiopian inflation rate, IMF, International Monetary Fund(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,” the Washington-based lender... Read more
Ethiopia inflation up in Aug on food prices
September 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Ethiopia inflation rate, Ethiopian inflation rate, food price in Ethiopia, inflation, inflation rate* 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 consumer price index. “The total... Read more
New $200 birr note, Ethiopian National Bank is studying to print
August 22 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: 200 birr, 200 birr note, 500 birr, Birr, birr inflation, Ethiopia economy, Ethiopia new birr, Ethiopian birr, Ethiopian inflation rate, inflation, New birrEthiopian 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 since their ATM customers... Read more
Food prices push Ethiopia inflation to 39 pct
August 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Birr, birr inflation, Ethiopia inflation, Ethiopian economy, Ethiopian inflation rate, food price, inflation, inflation rate* 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 price index, jumped 47.4... 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: birr inflation, Ethiopia economy, Ethiopian inflation rate, food price, inflation, meles zenawi, Rising food priceEthiopia’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 after rising 40.7 percent... Read more
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 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
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