Government of Ethiopia (Addis Ababa)

13 November 2012

Ethiopia: Inflation Falls for the Eighth Consecutive Month

Photo: Manoocher Deghati/IRIN
Women selling vegetables at a market (file photo): Food price inflation dropped to 13.2 percent this month, down from 17.6 percent in September.

Inflation in Ethiopia has fallen for the eighth consecutive month, according to official data released by the Central Statistics Agency yesterday (12 November).

The country's year-on-year inflation rate fell to 15.8 percent for the month of October. This was down from 19 percent last month.

The drop in the inflation rate was aided by a slowdown in the pace of food cost rises. Food price inflation dropped to 13.2 percent this month, down from 17.6 percent rate in September.

The Central Statistics Agency data also showed that consumer price inflation rates in the country shrank to -0.7 percent, further contributing to the general fall in inflation.

Ads by Google

Copyright © 2012 Government of Ethiopia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.