Ethiopia’s general inflation decreased for the third month in a row since April. According to an article by Reuters, it has now gone down from 33.5% in July to 32.5% in August 2022.

The data, sourced from the Ethiopian Central Statistical Agency, attributes the downward trend to the continuing slowdown in food prices.  

The statistics office reportedly proclaimed that food inflation dropped to 33.2% in the just-ended month from 35.5% in July, while during the same period, non-food inflation rose to 31.5% from 30.4%.

On a monthly basis, consumer prices fell from 3.1% in July to 2.9% in August.

Last year in September (2021), Ethiopia’s inflation rate reportedly increased by more than 30% compared to the same month the previous year. Food inflation increased by 37.6%, while non-food inflation rose by 20.8%, with food inflation remaining the highest.

For almost a year, Ethiopia’s national level inflation has been about 30%, and it has been in the mid-30s for the past six months.

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