Meat Prices in Ethiopia Surge, Impacting Sales

Meat prices in Ethiopia are seeing a significant surge, causing a noticeable decline in sales according to butcher shop owners. Butchers report that prices have roughly doubled over the last 12 to 18 months, leading to unsold stock that lingers in cold storage, unlike in the past when inventory sold out daily. Official data from the Ethiopian Statistical Service (ESS) indicates a 22 percent increase in meat prices compared to the previous year as of September. Additionally, hospitality businesses, including hotels and restaurants, have reported a 15.3 percent price increase, with a 4.2 percent rise occurring in September alone.