Ethiopia Inflation Back in Double Digits on Biting Fuel Shortage

Ethiopia’s inflation rate is back above 10% for the first time in five months, after fuel supply challenges pushed up the cost of almost everything.

The consumer price index in April climbed to 11.7% on an annual basis from 9.4% in March, according to the statistics agency. Food, which accounts for more than half of the inflation basket, increased by 2.4% in the month. The category with gas and other fuels rose 3%.