Pursuits
Ethiopia Plans Further Price Caps Amid ‘Unhealthy’ Competition
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Ethiopia plans to impose price controls on more products as it tries to curb inflation that is being fuelled by a lack of competition in the Horn of Africa country, a Trade Ministry official said.
The government introduced caps on the cost of bread, meat, sugar and beer, and imported products including milk powder and rice on Jan. 6. The controls were aimed at addressing “unhealthy market competition,” the state-owned Ethiopian News Agency reported, citing Prime Minister Meles Zenawi.