According to CSA, Ethiopia’s year-on-year general inflation rate fell to 33.6 percent in February 2022, after reaching 34.5 percent the previous month. When compared to the preceding month of January 2022, the month-over-month food inflation rate for February 2022 grew by 2.0 percentage point. The non-food inflation rate fell by 4.4 percent over the same time period. The cause of the Non-Food Index’s 4.4 percent drop is the high transit prices recorded in February 2021 as a result of the Corona virus epidemic. When compared to last year’s month of February 2013, the price of transportation in February 2022 and the preceding months showed a decrease. This resulted in a decrease in overall non-food inflation. Moreover, when compared to the same period previous year, the Telecommunications Inflation rate has decreased.
DISCLAIMER
The opinions expresses here in the post "Inflation Rate Decreased to 33.6 percent in February 2022: CSA" are those of the individua's contributor(s) and do not necessarily reflect the views of Business Info Ethiopia , BIE Intelligence PLC, its publisher, editor, or any of its other contributors.
