Ethiopian Inflation Slips to Single Digits for First Time Since Pandemic
Annual inflation fell sharply to 9.7% from 17% a year earlier, marking the first single-digit rate since before the pandemic, per Ethiopian Statistical Service data. Food prices, 53.5% of the consumer basket, eased to 9.8% year-on-year, with bread stable but coffee up 48.9% and vegetables at 8.3%. Non-food inflation hit 9.6%, driven by transport (17.6%) … Read more
