Ethiopia’s Inflation Rate Increases to 7.4% in May

June 18th, 2010 | by addis portal |

By Ainhoa Goyeneche and Jason McLure

June 17 (Bloomberg) — Ethiopia’s annual inflation rate increased to 7.4 percent in May, led by non-food costs, the Central Statistical Agency said.

Annual inflation accelerated from 6.8 percent in April, the Addis Ababa-based agency said today on its website.

Non-food prices increased 19.8 percent from a year earlier, while food inflation, the largest component of the index, rose by 0.1 percent, it said.

–Editors: Karl Maier, Ben Holland

To contact the reporters on this story: Ainhoa Goyeneche in Madrid at agoyenechecu@bloomberg.net; Jason McLure in Addis Ababa at jmclure@bloomberg.net.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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