Wednesday May 08 2019
Ethiopia Inflation Rate at 12.90 percent
The annual inflation rate in Ethiopia rose to 12.9 percent in April 2019 from 11.2 percent in the prior month, hitting its highest level since August. Prices increased faster mostly for food & non-alcoholic beverages (14.5% vs 11.4% in March), namely bread & cereals (16.6%), meat (9.5%), milk, cheese & eggs (13.1%); and alcoholic beverages & tobacco (14.2% vs 1.1%), attributable to the Easter holiday season. Meanwhile, cost slowed for housing & utilities (7.9% vs 8.9%); clothing & footwear (15% vs 19.7%); restaurants & hotels (12.5% vs 13.2%) and transport (15.6% vs 16.8%). On a monthly basis, consumer prices went up 1.8 percent, following a 2.2 percent rise in the previous month.