borkenaAugust 11, 2020Ethiopian Central Statistical Agency said that Ethiopia’s inflation rate reached 22.3 percent in July 2020. Compared to the inflation rate last year, this year’s is up by 24.9 percent according to the Central Statistical Agency report. As is the case always, the burden of price inflation is too heavy on low income earning families and individuals. In the ending budget year, the government pledged to bring the inflation rate to a single-digit. However, the goal has not been achieved yet, and price inflation continues to rise.

Source: Ethiopian News August 12, 2020 03:45 UTC