* Ethiopia’s April inflation rate jumps to 29.5 pct
* Soaring prices in region have triggered protests
ADDIS ABABA, May 10 (Reuters) – Ethiopia’s year-on-year inflation rate rose for a second straight month to 29.5 percent in April, from 25.0 percent a month earlier, driven by a sharp rise in food prices, the statistics agency said on Tuesday.
“The total price index of cereals in April 2011 has increased by 14.6 percent as compared to the same month last year, which significantly contributed to the rise in the indices of food and the general consumer price index,” the Central Statistical Agency said in a statement.
Ethiopia has imposed price ceilings on more than a dozen commodities including some essential foodstuffs. Food accounts for just over 57 percent of the basket used to measure the inflation rate.
Read more
Recent Comments