Ethiopia’s year-on-year inflation rises to 15.6 pct in February


Addis Ababa, March 7, 2018 (FBC) - Ethiopia’s year-on-year inflation increased to 15.6 percent in February from 13.4 percent in January, said the Central Statistical Agency (CSA) of Ethiopia.

According to a statement agency sent to FBC today, the prices of most of the major cereals showed a slight increase during the month under review. In addition, the prices of pulses, vegetables and fruits rose to some extent.

However, the prices of salt and spices (especially pepper whole) showed unexpected two fold price rises in a span of only one month that contributed to the inflationary trend observed. The prices of meat, milk, and cheese and eggs showed a decline, it said.

The non-food inflation also increased during the month under review mainly due to rise in the prices of chat, clothing and footwear, housing repair and maintenance, energy (charcoal), household goods and furnishings and health care, among others.

Source: FBC

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