Food inflation rate drops to single digits
Addis Ababa, March 12 (WIC) - The inflation rate for food items for the Ethiopian month of “Yekatit” (February 8th - March 9th) dropped to 7.9%, and the overall national inflation rate fell to 10.3% for the same period.
The details of the past month’s report indicate that the inflation rate fell by 6.1% for processed food, by 2.4% for transport and communication, by 9.3% for medical expenses 9.3% and by 2.5% for oils and lubricants.
There were also falls in grain prices, by 6.9%, vegetables by 11% and spices by 26.4%.
However, house rent, construction materials, and power costs rose by 11.7%, and garments and shoes saw a 20% increase compared to the average rate. (MoFA)
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