Economy

Ethiopia's October Inflation Rises to 14.6 Percent

AI SUMMARY

Ethiopia's headline inflation reached 14.6 percent in October, driven by significant increases in food and non-food prices.

The overall inflation rate for October rose to 14.6 percent.
The rate represents a 3 percent increase compared to the same period of the previous year.
Inflation for food and non-alcoholic beverages reached 14.1 percent.
Sugar recorded a 36.2 percent price increase.
Meat prices increased by 23.8 percent.
Oil and butter prices rose by 20.6 percent.
Milk, dairy products, and eggs registered a 20.1 percent price increase.
Bread and injera saw a 10.7 percent price increase.
Inflation for non-food items and services reached 15.4 percent.