Tag: Inflation

The Addis Ababa City Administration said the recent inflationary pressure in the capital is the result of a political sabotage carried out by groups attempting to offset their political loss using economic gains.

A strong increase has been witnessed in the cost of living after the government adjusted the price of fuel by more than 10 percent, The Reporter has learnt.

Inflation soared to 30.3 percent in Tigray Region last month, twice the national average and the highest amongst all regional states in Ethiopia, according to a new report published by the Central Statistical Agency (CSA).

The Ethiopian Economics Association (EEA) said on Thursday that the introduction of new banknotes and denomination into the monetary system might cause a shift in deposit preferences towards holding currency instead of depositing in the bank.

A new monthly report has indicated that, as of November 2019, the spike in inflation and the cost of living shows no signs of abating, as it did for the past four consecutive months, whereby headline inflation has increased by 20.8 percent.