Policy and Data Credibility Deficit Threatens Ethiopia's Inflation Fight, EEA Survey Finds

A comprehensive expert elicitation survey conducted by the Ethiopian Economics Association (EEA) has uncovered widespread skepticism among economic scholars regarding Ethiopia's macroeconomic policy framework. According to the research report, titled "The Anatomy of Inflation in Ethiopia: Structural S...", economic experts express deep doubts about the credibility of official inflation data published by government bodies. The survey also highlights significant concerns surrounding the operational independence of the National Bank of Ethiopia, the country's central bank. Scholars argue that this deficit in policy and data credibility poses a severe threat to Ethiopia's ongoing efforts to curb inflation. The report emphasizes that structural issues within the economic framework are hindering stabilization efforts. Overall, the EEA survey underlines the urgent need for transparent data and autonomous financial institutions to effectively combat rising living costs in Ethiopia.