Ethiopia’s Annual Inflation Rate Hits 14.4% in May – Ethiopian Monitor
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Ethiopia’s Annual Inflation Rate Hits 14.4% in May – Ethiopian Monitor
Ethiopia’s annual inflation rate hit 14.4 percent in May, according to data released by the nation’s statistics agency on Wednesday. The Ethiopian Statistical Services (ESS) said the magnitude of inflation steadily declined beginning May last year. The inflation rate, however, remains not only elevated but also above the central bank’s medium term target of bringing it down to single-digit. The May Consumer price index (CPI) report indicates tha…
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