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 of cereals in April... Read more
Posts Tagged ‘Ethiopian inflation rate’
Food prices push Ethiopia inflation to nearly 30 pct
May 11 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Ethiopia inflation, Ethiopian birr, Ethiopian inflation rate, food price, inflation, inflation rate
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
Ethiopia March inflation soars to 25 pct
April 15 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Ethiopia inflation rate, Ethiopian inflation rate, food price, inflation, inflation rate, Rising food priceADDIS ABABA (Reuters) – Ethiopia’s annual inflation rate surged to 25.0 percent in March, from 16.5 percent a month earlier, as food and fuel prices rallied, the statistics agency said on Friday. “This increase in the general consumer price index is attributed to the rise observed in the indices of food 25.5 percent … house rents, construction materials, water and fuel... 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 Inflation Accelerates Following Devaluation
February 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Alemayehu Kebede, birr inflation, devaluation, Ethiopian birr, Ethiopian inflation rate, inflation, National bankBy Will Davison Ethiopia’s inflation rate increased to 17.7 percent in January as a devaluation of the local currency in September pushed up import costs, the Central Statistical Agency said. Inflation accelerated from 14.5 percent the month before, the agency said in an e-mailed statement today. Food prices rose 13.6 percent, while non-food items leaped 23.7 percent. The inflation rate has risen from... Read more
Meles Zenawi promising no devaluation for the next 5 years
February 3 | Posted by Ethiopiaforums | Economy, Ethiopia, Meles Zenawi, News, Uncategorized Tags: Birr, Economy, Ethiopian birr, Ethiopian economy, Ethiopian inflation rate, inflation rate, meles, ZenawiReuters Sees no major birr devaluation, will regulate rate Govt to seek ways of easing inflationary pressures ADDIS ABABA, Feb 3 (Reuters) – Ethiopian Prime Minister Meles Zenawi ruled out the possibility of another major devaluation of the birr on Thursday amid concerns the present rate is fuelling inflation in the Horn of Africa nation. “There will not be any major changes... Read more
Ethiopia inflation rises to 14.5 pct in December
January 14 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Birr, Economy, Ethiopian economy, Ethiopian inflation rate, inflation, Price capReuters: ADDIS ABABA Jan 14 – Ethiopia’s annual inflation jumped to 14.5 percent last month from 10.2 percent in November after a steep rise in food and non-food prices caused in part by two currency devaluations in less than 12 months. The Central Statistics Agency (CSA) said non-food inflation in Africa’s most populous nation after Nigeria rose to 22.9 percent last month... Read more
Kenyan exporters to Ethiopia face massive losses
January 12 | Posted by ocean | Economy, Ethiopia, News, Uncategorized, World Tags: Economy, Ethiopian economy, Ethiopian inflation rate, export, inflation, kenya, market, PriceThe Standard :By Luke Anami Kenyan exporters could lose millions of shillings after Ethiopia, a key market, implemented price controls on major food and non-food items, mostly imported from Kenya. In what has been dubbed a shocking move by free market campaigners, the Federal Ministry of Trade of Ethiopia set price ceilings for products entering its market. Kenyan manufacturers have since cried foul... Read more
Ethiopian Government Fixes Commodity Retail Prices
January 6 | Posted by ocean | Economy, Ethiopia, News, Uncategorized Tags: addis ababa, Economy, Ethiopian economy, Ethiopian inflation rate, inflationThe Ethiopian government announced today it has fixed retail prices of 17 commodities in Addis Ababa market. In a discussion prepared for some 500 business firms at the Prime Minister’s office this morning, the Ministry of Trade warned the participants not to sell major consumer goods above the maximum price set by the ministry. Bread, rice, imported milk, soap, beer, soft... Read more
Ethiopia inflation rises to 7.5 pct in September yr/yr
October 15 | Posted by ocean | Ethiopia, News, Uncategorized Tags: Ethiopian inflation rate, inflationADDIS ABABA (Reuters) – Ethiopia’s inflation rate rose to 7.5 percent year-on-year in September from 5.3 percent in August, the Horn of African country’s statistics office said on Friday. The Central Statistical Agency (CSA) said the overall food price index increased 1.4 percent in September from a year earlier, with all food components rising. The agency said... Read more
Ethiopian Birr Converter