Ethiopia inflation dips to 7.4 pct in year to April – stats office

Addis Ababa, May 3, 2016 (FBC) – Ethiopia’s year-on-year headline inflation edged lower to 7.4 percent in April from 7.5 percent the previous month.
According to a statement the Ethiopian Statistics Agency sent to FBC today, food inflation has increased by 6.3 percent, while the non-food inflation rose by 8.7 percent in April 2016.

The rise in inflation in the non-food component is mainly due to rise in the prices of chat, clothing and footwear, construction materials, firewood and household goods and furnishings.

The month-on-month general consumer price index (CPI) for April 2016 has showed a decline of 1.5 percent as compared to the preceding month.

The monthly inflation rate measures the price change between the two latest months.