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Updated · Bloomberg · May 7Ethiopia 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?