Ethiopia’s inflation rate hit a new high of 36.6 percent in April, up from 34.7 percent in March, according to the latest figures issued Thursday by Ethiopia’s Central Statistical Agency (CSA).
The report mentioned Non-food inflation jumped to 28.1 percent in April, up from 23.5 percent in March, according to the data. While food inflation fell by 0.5 percentage points from the previous month, it hit 42.9 percent in April.
The seasonal effect of celebrating two major religious festivals, the Ethiopian Orthodox Easter and the Islamic Eid al-Fitr, has increased the prices of both food and non-food items in April.
The inflation rate is the highest in more than a decade in the East African country.
Source: Xinhua
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