Ethiopia: Analysis - Ordinary People Reel From Inflation - Economist Warns It Will Lower Economic Growth

analysis

Addis Abeba — A recent report by the Central Statistics Agency (CSA) indicates that the rate of inflation in Ethiopia increased by 19.7% in May 2021 compared to the same month last year. While the overall inflation rate surged by 19.9 percent the report indicated.

According to the report, food inflation accounts for the biggest inflation rate standing at 22.6%, while non-food inflation rose by 16.5% as of May 2021. The CSA reported that the 12 months moving average inflation rate suggests a longer-term high inflationary projection in the country.

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