By Jason McLure
(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.
Email This Post |
FORUM | 4 Comments
in the time of woyane any thing is possibel soon the People of Ethiopia will pay for the air they breath in, emagin how the poor people can afford to buy food as far as I’m concerned the government is going to use this for it’s election advantage by using food for the card
[Reply]
March 4th, 2008 at 3:09 PM
This sucks. I am sick of this can we have a democracy, no monarchy, no dictatorship, no ethnic federalism to stay in power, just a democracy. Woyanne needs privatize a lot of things.
[Reply]
March 4th, 2008 at 10:15 PM
very frustruting, how our ppl. can survive in this situation, where there is no legitimate & responsive goverment. most of our ppl. are living in situation of absolute poverty, how one can imagine the already impoverished society can sustain life?
am realy in a confusion, may our lord send his mercy to our ppl. & land………..
[Reply]
March 5th, 2008 at 12:23 AM
When the devil takes everything from the overwhelming majority of Ethiopians, the result is failure in many forms and shapes.
Nearly 96.45% of big manufaturing and service sectors are owned and run by the crimefamily and its associates. What is left is not enough to sustain the lives of millions of Ethiopians.
Inflation, corruption, injustice,bad economic policy,donation dependent economy,and stealing and resource wasting have been the cause of poverty and death since the criminals became the owner of the lives of millions Ethiopians.
Of course, there is billions of Birr is being circulating in Addis Ababa alone, and since the greatest majority of huge manufacturing industries and service sectors are owned and run by the crimefamily and its associates,ther is little is left to sustain the lives of the more than 71 million Ethiopians.
The crimefamily has recently taken the position of one of the richest families not only in Africa, the crimefamily is catching up the rest of the illegally richest families in the world. Sadly, a child is born in the crimefamily regime with no future. whoever is going to born tomorrow is going to become unfortunate too.To cure the illness, the disease causing agents must be removed from Ethiopia.
[Reply]
March 5th, 2008 at 6:18 PM