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Inflation stats keep ballooning - capital Newspaper

capital Newspaper
April 2021 Country Level Inflation Rate raises by 19.9 percent in April 2021 as compared to last year same period according to the central statics agency.
The country level food inflation increased by 22.3 percent as compared to the one observed a year ago and Non-food inflation rate increased by 16.8 percent in April 2021 as compared to the one observed in December 2020.
The April 2021 General year-on-year inflation has increased by 19.2 percent as compared to the one observed in April 2020. The year-on-year Food inflation has increased by 21.7 percent in April 2021 as compared to the one observed in April 2020.
Cereal prices continued to increase in the current month which has great contribution for the rise of food inflation. In addition, the continued increase in the prices of edible Oil, Butter, Spices (Pepper) and coffee during the current month has contributed to an increase in the rate of inflation. Compared to last month, th ....

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Easter festivity - capital Newspaper

capital Newspaper
Local instability has dragged down the holiday market which was recovering from the pandemic hit after a year. Being a holiday season in the form of Easter and Ramadan the market is expected to increase because of perceived increase in demand against shortage in commodity.
In Ethiopia, where more than half of the population is assumed to be following the orthodox faith, Easter is welcomed after an eight week of fast for most. Moreover, Easter is one of the major holidays that Ethiopians celebrate. On Easter eve, Christian-Ethiopians participate in hours-long church service that ends around 3 a.m. on Sunday, after which they break their fast. ....

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