Ethiopia’s Inflation Rate Drops For First Time in Four Months
An Ethiopian Flag is flown in Addis Ababa, Ethiopia.
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Ethiopian inflation decelerated in June for the first time in four months as food prices increased at the slowest pace since August.
The annual inflation rate in the Horn of Africa country dropped to 34% from 37.2% in May, according to data from the Central Statistics Agency of Ethiopia. Food-price growth slowed to 38.1% from 43.9%, while non-food inflation was little-changed at 28.4%.