Ethiopia’s comprehensive inflation Good news at last?
Ethiopia’s inflation has been out of control for five consecutive years, at a great cost on the urban poor; now it looks as though it may come down to a somehow acceptable digit
Bisrat Teshome, Special to Addis Standard
For the last five consecutive years it is a routine practice for ordinary Ethiopians to go to any given market and confront erratic prices, mostly higher, for same products purchased a few weeks, days or even hours before from the same market. Consecutive data from the country’s Central Statistics Authority (CSA) can hardly conceal this dreadful fact either. In the month of September 2008, the CSA published a data showing inflation that went through the roof (59.67%), which is the highest ever recorded in recent history of Ethiopia.