Accessibility links

Breaking News

Business and Technology

Ethiopia Inflation Eases

FILE: An employee fills a car at fuel station in Addis Ababa, Ethiopia, on July 6, 2022. - Fuel prices soared in Ethiopia on July 6, 2022 after the government reduced subsidies, adding to economic hardship for people already struggling with high inflation.
FILE: An employee fills a car at fuel station in Addis Ababa, Ethiopia, on July 6, 2022. - Fuel prices soared in Ethiopia on July 6, 2022 after the government reduced subsidies, adding to economic hardship for people already struggling with high inflation.

Ethiopia's inflation decreased in August compared with a month earlier, helped by a slower rise in food prices, data from the country's statistics office showed on Monday.

Consumer inflation fell to 32.5% year-on-year in August from 33.5% a month earlier, the Ethiopian Statistics Service said in a statement.

Overall month-on-month inflation fell to 2.9% from 3.1% in July.

The statistics office said food inflation dropped to 33.2% year-on-year from 35.5% in July, while non-food inflation rose to 31.5% from 30.4%.

Several factors were involved in the price easing: A fall in international oil prices, along with a similar easing of food commodities - especially after Russia and Ukraine agreed to allow grain shipments from Kyiv's Black Sea ports.

See all News Updates of the Day

Africa News Tonight: Mahama officially declared Ghana winner, no clear leadership in Syria, South African clothing tariffs please unions

Africa News Tonight: Mahama officially declared Ghana winner, no clear leadership in Syria, South African clothing tariffs please unions
please wait

No media source currently available

0:00 0:24:55 0:00
Direct link

South Sudan in Focus: Juba road ban worries boda boda drivers, Kenyan deputy president faces impeachment, data helps improve public services

South Sudan in Focus: Juba road ban worries boda boda drivers, Kenyan deputy president faces impeachment, data helps improve public services
please wait

No media source currently available

0:00 0:29:56 0:00
Direct link

Africa News Tonight: Saied dominates in Tunisia election, China drives into South Africa auto market, Kenyan runner suspended over drug test

Africa News Tonight: Saied dominates in Tunisia election, China drives into South Africa auto market, Kenyan runner suspended over drug test
please wait

No media source currently available

0:00 0:24:55 0:00
Direct link

Africa News Tonight: Displaced communities at risk of mpox, Tunisia’s Saied shakes up cabinet, sun-powered tractor debuts in Malawi

Africa News Tonight: Displaced communities at risk of mpox, Tunisia’s Saied shakes up cabinet, sun-powered tractor debuts in Malawi
please wait

No media source currently available

0:00 0:24:55 0:00
Direct link

Restaurant with Robot Services Causes Excitement in Nairobi

Restaurant with Robot Services Causes Excitement in Nairobi
please wait

No media source currently available

0:00 0:03:21 0:00

In Nairobi, a new restaurant is generating business and buzz – not just because of the food, but because of the staff. Robots serving dishes is the main attraction for diners who flock to the Robot Café. Juma Majanga reports from Nairobi, Kenya.

Load more

XS
SM
MD
LG