Updated
Updated · Bloomberg · May 7
Ethiopia inflation rises to 11.7% in April
Updated
Updated · Bloomberg · May 7

Ethiopia inflation rises to 11.7% in April

10 articles · Updated · Bloomberg · May 7
  • The annual consumer price index jumped from 9.4% in March, returning to double digits for the first time in five months.
  • Fuel supply shortages drove broad price increases, with food prices rising 2.4% on the month and gas and other fuels up 3%.
  • Food makes up more than half of Ethiopia's inflation basket, amplifying the impact of higher costs on households as supply strains persist.
As fuel prices soar, are Ethiopia's war-torn regions spiraling into an even deeper humanitarian crisis?
With its economy on the brink, can Ethiopia's costly fuel subsidies avert collapse without sabotaging its debt deal?