Tag Archives: Ethiopia Inflation July 2011

Ethiopia’s July Inflation Surges to 39.2%

Nonsensical double-digit growth with 39.2% inflation and 4 Million people in dire need of emergency food: Ethiopia

By Daniel Berhane,

Ethiopia’s inflation rate climbed to 39.2% in July 2011 as compared to similar month last year, according to yesterday’s report released by Ethiopia’s Central Statistical Agency. Prices of food items surged by 47.4 %, while the non-food inflation increased by 27.8 % in July 2011 as compared to the prices of July 2010.

The breakdown of the General Consumer Price Index indicates price levels increased as follows: Continue reading Ethiopia’s July Inflation Surges to 39.2%