Ethiopian Annual Inflation Rate Increased to 34.7% in May
This article is for subscribers only.
Ethiopia’s annual inflation rate climbed to 34.7 percent in May as food prices surged, the Central Statistical Agency said.
Inflation accelerated from 25.6 percent in the previous month, the Addis Ababa-based agency said in an e-mailed statement today. Food prices jumped 41 percent in the year, compared with a 32.2 percent increase in April, it said.