Search by category:
Uncategorized

Ethiopia’s year-on-year inflation rises to double digit in August

Addis Ababa, September 4, 2017 (FBC) – Ethiopia’s year-on-year inflation increased to 10.4 percent in August from 9.4 percent the preceding month, according to Central Statistical Agency of Ethiopia (CSA).

During August, there was stronger increase in prices of cereals (especially teff, maize, wheat, barley and sorghum) that led to the rise in food and general inflation, the agency said in a statement it sent to FBC today.

In addition, there was rise in the prices of fruits during August.

The non-food inflation also increased compared to the preceding month mainly due to rise in the prices of clothing and footwear, housing and energy, household goods and furnishings as well as food and drinks.

Source

Join the Conversation on Facebook and Twitter

AddisNews is not responsible for the contents or reliability of any other websites to which we get contents from and provide a link and do not necessarily endorse the views expressed by them.

More From Our Site

Click Here to Read More on AddisNews

See Also:  Ethiopia earns $271 million from flower and horticulture export

Post Comment