Ethiopia’s Central Statistics Agency said on Thursday inflation slowed down to some extent in October to 34.2% year-on-year from the previous month’s 34.8%.
The report indicated a slight decrease in prices of food items such as teff, wheat, rice, meat, milk, dairy products, egg, locally produced food oil, butter, salt, and red pepper species), while non-food items exhibited a rise in prices – i.e., clothes, shoes, alcoholic beverages, tobacco, household items, jewelry construction materials, medical equipment, and pharmaceuticals.
In the next three months, Ethiopia’s Central Statistics Agency has forecasted a decline in the price of food items.
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