Food Inflation Hits Nine-Month High As Vegetable Prices Soar

Naod Mekonnen, an economic and development policy researcher, believes low agricultural productivity has resulted from the inflationary pressure. Last week, a new report released by BMI, a Fitch group company and think tank, projected that Ethiopia would experience a surge in inflation in 2017, due...

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Bibliographic Details
Published in:AllAfrica.com 2017
Main Author: Addis Fortune Addis Ababa Samson Berhane
Format: Newsletterarticle
Language:English
Subjects:
Fasting
Food
Inflation
Money supply
Prices
Rain
Seasons
Online Access:Get full text
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Summary:Naod Mekonnen, an economic and development policy researcher, believes low agricultural productivity has resulted from the inflationary pressure. Last week, a new report released by BMI, a Fitch group company and think tank, projected that Ethiopia would experience a surge in inflation in 2017, due to an increase in food-insecure people and erratic rainfall. [...]strong money supply growth was also another factor for the inflationary pressure in the coming months. The report comes four months...