Inflation in Ethiopia falls for fourth consecutive month

 

Ethiopia's year-on-year inflation fell for the forth consecutive month to 20.9 percent in June from 25.5 percent a month before due to slowing food prices. Also, food inflation dropped to 21.5 percent from 29.2 percent in May, while non-food inflation rose slightly to 19.8 percent from 19.6 percent.

Ethiopia's economy has been boosted in the past few years by rising coffee earnings as the country is Africa's biggest coffee producer, as well as surging gold, oil seed and livestock exports.

Read the complete story from Reuters

Categories: 

Related Posts

About author

admin's picture

Post new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.