Ethiopia’s January inflation rises 7.7% y/y - CNBC Africa

Ethiopia’s January inflation rises 7.7% y/y

East Africa

by Reuters 0

Prices for such items as vegetables and fruit increased last month. PHOTO: foodwiser.net

This is according to the statistics office.

The Central Statistics Agency attributed the jump to higher prices of food and non-food items. Prices for such items as meat, dairy products, vegetables and fruit increased 7.1 per cent last month, up from 6.5 per cent in December.

(READ MORE: Ethiopia’s impressive economic growth)

Non-food inflation also rose to 8.2 per cent in January from 7.8 per cent the previous month, mainly due to an increase in prices for clothes and khat, a narcotic leaf chewed in the Horn of Africa nation.

Inflation peaked at 9.1 per cent in 2014 but it has since been moving up and down.

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