"Inflation in Ethiopia jumped to almost 35 percent in annual terms in May, driven by surging costs of food and imports that have led the government to impose a price cap on some goods.
Official data showed prices overall grew 34.7 percent on the year, with food costs up 41 percent compared with a 32 percent rise a month earlier. The cost of tobacco increased 39.7 percent while clothing and footwear prices were up 34 percent.
Ethiopia has imposed price ceilings on more than a dozen commodities including some essential foodstuffs. Food accounts for just over 57 percent of the basket used to measure the inflation rate".............LINK
No comments:
Post a Comment