Skip to content

Ethiopia inflation accelerates to 29.6% in march

Posted on , Updated on by Elias Kifle

By Jason McLure

(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.
——————–
To contact the reporter on this story: Jason McLure in Addis Ababa via the Johannesburg bureau at [email protected].

4 thoughts on “Ethiopia inflation accelerates to 29.6% in march”

  2. Men!! Inflation comes whenever the expense of the government is high and due to that the government prints money out of financial monitoring system.
    The Woyanne regime has money costs that could not be covered by the poor economy of a country.
    They have a war in Somalia.
    They have a war threat with Eritrea.
    They need bulky amount of money to shut up the mouth of the opposition group.
    They need money for bribe to be paid to shut up the wave of the Diaspora community who brought tremendous result manifested in release of Former kinijit leaders.
    Woyanne needs money for H.R 2003 lobbyist groups.
    And they need money to fulfill their boundless interest and to refill their fatten belly.
    Their expense is by far greater than the economy of the country.
    So, inorder to cover all their cost they must print money in Birhanna Selam printing press.
    Isn’t it clear now?
    NB,I am not economist, although the false development and inflation theory of Woyanne do not demand to be economist to understand and analyze it.

  3. so much for 10% of economic growth in ethiopia…..hehehehe.
    In the the next 3 monhths ,i bet the inflation rate in ethiopia will exceed 100%. But weyane will still claim a 10% or 20% growth,eventhough there are over 90,000 beggars in addisabeba alone.Eventhough the country is on usa’s welfare and there are more hungry ethios now more than ever, weyane have no shame talking about their “successful agricultural programs” and “economic growth”.

  4. አቶ ማንደፍሮ፡ትገራይ ዉስጥ እንዴት ኢንፍሌሽን አይቀንስም
    እንዲህ ሲባል አልሰማህም እንዴ፡፡ ወይስ አባባሉን አታምንበትም፡፡ ላማንኛዉም አባባሉ የሚከተለዉ ነዉ፡፡
    እናንት ዎርቅ ህዝቦች መችተራባላችሁ
    ከየትም ቀምቶ፡ዘርፎ የሚያበላ ጀግና ልጅ አላችሁ፡
    ለኛ ይብላን እንጅ በልጅ ላልታደልነዉ፡
    ቀርፋፋ
    ወልከፋ
    እንዲሁም አጋሰስ ወልደን ለምንበግነዉ፡፡
    ምንጭ ጦቢያ መጽኄት

Leave a Reply