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 ‘inflation’
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
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 rateEthiopia’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
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 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
Ehtiopians Dejen Gebremeskel and Aheza Kiros sweep Carlsbad 5000
April 4 | Posted by Ethiopiaforums | Athletics, Ethiopian, News, Sport, Uncategorized, United States Tags: Aheza Kiros, Carlsbad 5000, Dejen Gebremeskel, IAAF, inflation, Kiros, WonCarlsbad, USA – A confident Dejen Gebremeskel and a wispy Aheza Kiros gave Ethiopia a sweep of the men’s and women’s invitational races on the 26th annual Carlsbad 5000 on Sunday (3) morning. Both events produced dramatic finishes. Gebremeskel, last year’s runner-up, sat behind defending champion Eliud Kipchoge of Kenya for most of the 3.1-mile race before spurting ahead in the... 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
Ethiopia’s January inflation rate hits 17.7 pct
February 14 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Birr, birr inflation, Ethiopia inflation rate, Ethiopia's, food price, inflation, meles zenawi, rate, Rising food price* Food prices rise 13.6 percent * Non-food prices up for 5th straight month ADDIS ABABA, Feb 14 (Reuters) – Rising food prices helped push Ethiopia’s annual inflation rate up to 17.7 percent in January, from 14.5 percent a month earlier and increasing for a second straight month, official data showed on Monday. Food prices, which have the biggest weighting in the inflation... 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
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