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Inflation Accelerates to 29.6% in March on Food Costs

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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.

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Posted by on April 18, 2008. Filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.