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