Monday March 13 2017
Ethiopia Inflation Rate at 7.00 percent
Ethiopia's consumer prices advanced by 7 percent year-on-year in February of 2017, from 6.1 percent in the preceding month. Cost rose faster for food and non-alcoholic beverages (7.8 percent from 4.9 percent in January), transport (7 percent from 4.1 percent), furniture and equipment (4.9 percent from 4.3 percent) and clothing and footwear (3.8 percent from 2.2 percent). Additional upward pressure came from: restaurants and hotels (6.6 percent from 5.9 percent), health (11.2 percent from 6.1 percent) and miscellaneous goods and services (5.4 percent from 4.7). Meanwhile, prices increased less for housing and utilities (9.1 percent from 12.7 percent). On a monthly basis, consumer prices rose 0.7 percent, compared with a 0.6 percent gain in January.