Ethiopian Inflation Rate Climbed to 39.2% in July as Food Prices Increased

Ethiopia’s inflation rate climbed to 39.2 percent in July from a year earlier, the Central Statistical Agency said in an e-mailed statement today.

Inflation accelerated from 38.1 percent in June, the Addis Ababa-based agency said. Food prices surged 47.4 percent in July after rising 45.3 percent in the previous month, while the cost of non-food items dropped from 27.9 percent to 27.8 percent, it said.

To contact the reporter on this story: William Davison in Addis Ababa at wdavison3@bloomberg.net