Ethiopian inflation rate up by 11.2%

The Ethiopian statistics bureau says inflation rose to 11.2 percent in the year to March, 2019.

The country’s statistics bureau also stated that year-on-year inflation was 10.9 percent in February 2019.

The rise was mainly due to an increase in the price of cereals in the food basket, and non-food items such as house rent, fuel such as charcoal and wood, and transport, the bureau said.

Source: Voice of Nigeria