Ethiopia's Headline Inflation Rate Reaches 15.1% in August

The Ethiopian Statistics Service reported that the overall headline inflation rate for the month of Nehase 2018 Ethiopian Calendar reached 15.1 percent. This represents an increase compared to the 13.6 percent headline inflation recorded during the same month in the previous year (Nehase 2017 E.C.). According to the official statistical report, the inflation rate for food and non-alcoholic beverages increased by 14.9 percent. Key contributors to food inflation included significant price increases in sugar, honey, and chocolate (38.3%), meat (22.6%), fruit (19.1%), oil and butter (18.8%), and dairy products and eggs (18.7%). Additionally, non-food inflation stood at 15.4 percent during the period. The highest increases in the non-food sector were seen in education at 25.3 percent, followed by other goods and services (19.3%), alcoholic beverages and tobacco (16.0%), transport (15.6%), and restaurants and hotels (15.3%). The statistical report was released on Pagume 5, 2018 E.C.