Inflation Accelerates to 29.6% in March on Food Costs

By Jason McLure – April 18 (Bloomberg) — Ethiopia’s annual inflation rate increased to 29.6 percent in March, the highest in over a decade, as rising food costs continued to push up consumer prices. Inflation expanded from 22.9 percent in February, the Addis Ababa-based Central Statistical Agency said in a report today. Food prices climbed 39.4 percent on an annual basis, from 30.2 percent in February, according to the report.

Share Button
Disclaimer: We are not responsible for any losses or damages that may have caused by using our services. EMF declines all responsibility for the contents of the materials stored by users. Each and every user is solely responsible for the posts.
Posted by on April 18, 2008. Filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.