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Ethiopian inflation rate at 7.8 pct yr/yr in January

ADDIS ABABA (Reuters) – Ethiopia’s inflation rate edged up to 7.8 pct in the year to January from 7.7 percent a month before, after a rise in the price of some non-food items, official data showed on Wednesday.

The Central Statistics Agency said non-food prices rose 10.9 percent in January over the 12-month period, owing largely to price increases of clothing and khat, a leafy plant chewed as a stimulant in the Horn of Africa and the Arabian peninsula.

The rise in food prices however dipped to 5.1 percent in January from 5.8 percent in December.

Source: Reuters

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