New Business Ethiopia

Most of African economies will be likely to experience lower growth lower than expected growth in 2020 compared to the 2019 projections, says new study.

The country level 12 months moving average food inflation rate in Ethiopia for the month of April 2020 has increased to 23.1 percent from 22.2 percent from the previous month, said Central Statistics Agency (CSA) of Ethiopia said in its monthly inflation update.

Food inflation rate in Ethiopia has increased to 22.2 percent for the month of March 2020 from 20.9 percent the previous month, the state agency said.

The country level overall inflation rate in Ethiopia (annual change based on 12 months Moving Average) rose by 15.8 percent in December 2019 as compared to the one observed in a similar period a year ago.

For over one year both food and non-food inflation in Ethiopia continue to register double digit with 12.6 percent general inflation rate at country level for the month of July 2019.