Ethiopian Inflation Accelerates to 19.4% on Higher Food Costs

March 10th, 2008

By Jason McLure

March 4 (Bloomberg) — Ethiopia’s annual inflation rate climbed to 19.4 percent in January as food costs jumped, the Central Statistical Agency said.

Inflation accelerated from 18.4 percent in December, the Addis Ababa-based agency said in a statement today. Food prices surged an annual 28 percent in the month, compared with 25.7 percent in December, it said.

To contact the reporter on this story: Jason McLure in Addis Ababa via Johannesburg at pmrichardson@bloomberg.net.
Last Updated: March 4, 2008 08:03 EST

Source: Bloomberg