Ethiopia: Headline Inflation Hits 22.6pc Rate

March's rate, which came out after Ethiopia confirmed its first case of Coronavirus (COVID-19), is the highest in six years next to the 22.2pc rate that was registered in 2014.

The cost of living keeps spiking and reached the highest rate in a six-year period by increasing 22.6pc last month, according to the latest Consumer Price Index from the Central Statistical Agency (CSA).

Driven by inflation in food prices, headline inflation has shown a 0.8 percentage point rise since the previous month.

In the reporting period, the inflation of food prices reached 26.9pc jumping from 25.1pc. Hence, non-food inflation recorded a slight decline to 17.6pc.

March's rate, which came out after Ethiopia confirmed its first case of Coronavirus (COVID-19), is the highest in six years next to the 22.2pc rate that was registered in 2014.

Except for wheat, the price of almost all cereals increased, especially teff, maize and sorghum, according to the report.

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