Ethiopia's Inflation Rate - Consumer Prices
Published Sunday, May 16, 2010 Burning Issues - Economy Burning Issues - Economy
Ethiopia's IndexMundi (charts and/or data) on annual percent change in consumer prices compared with previous year's consumer prices including equivalent data from International Monetary Fund (IMF) for fiscal years 1980 to 2010 as well as Global Ranking & Comparative Map. Inflation rate | Rank Chart | Comparative Map
With Hailu Shawel (Engr.) on the Economy
Published Tuesday, May 11, 2010  Burning Issues - Economy
Ethiopia's inflation quickens to 7.4 pct in March
Published Thursday, April 15, 2010 Burning Issues - Economy
Ethiopia's year-on-year inflation rate rose to 7.4 percent in March from a revised 7.1 percent in February due to higher food, fuel and construction material prices, official data showed on Thursday. "In the recent months, except for cereals, all the other food components have shown a rise in their indices," the Central Statistical Agency said in a statement. Full Text
USTR 2009 National Trade Estimate Report - Ethiopia
Published Saturday, April 03, 2010 Burning Issues - Economy
Clips from Office of the United States Trade Representative (USTR) 2009 National Trade Estimate Report - Ethiopia; Trade Summary - The U.S. goods trade surplus with Ethiopia was $163 million in 2009, an increase of $14 million from 2008. U.S. goods exports in 2009 were $276 million, down 8.5 percent from the previous year. Corresponding U.S. imports from Ethiopia were $113 million, down 25.9 percent. Foreign Exchange Controls - Importers are facing increasing difficulty in obtaining foreign exchange, particularly those importing goods or inputs destined for domestic sales…
Ethiopia's February inflation rises to 8.1 pct
Published Wednesday, March 17, 2010 Burning Issues - Economy
Ethiopia's year-on-year inflation rate rose to 8.1 percent in February from 7.6 percent in January due to higher food, fuel and construction material prices, its statistics office said on Wednesday. Inflation in the Horn of Africa nation surged to 64.2 percent in July 2008, driven by record high food and fuel prices, before tough government intervention led to a period of deflation from July to October last year. Full Text
Djibouti Port Fees Will Fuel Inflation
Published Saturday, March 13, 2010 Burning Issues - Economy
Ethiopia pays $700 million annually in port fees to the tiny Red Sea state, which has been its main gateway for imports and exports... Djibouti had said the tariff hike would take effect in mid-August. But then the Ethiopian government said the move had been postponed indefinitely after Djiboutian President Omar Ismail Guelleh visited Addis Ababa in July. New charges had been imposed as of Dec. 1 and is expected to create an inflationary situation. Ethiopia will pay Djibouti a total of $722.5 million for port services annually. Traders are also concerned about a reduction of free storage at the port to eight days from 15 days for import cargoes and to three days from 10 days for export cargoes. Full Text
Ethiopia to Import 80,000 Tons of Sugar This Year
Published Monday, March 01, 2010 Burning Issues - Economy
March 1 (Bloomberg) -- Ethiopia will import 80,000 metric tons of sugar in the 12 months through July 7 to alleviate shortages, Fortune reported. Efforts by the state-owned Ethiopian Sugar Development Agency to limit retail prices to 13.50 birr ($1.01) per kilogram (2.2 pounds) have failed as prices have risen to 18 birr. Full Text
Ethiopian inflation ticks up to 7.6 pct in January
Published Saturday, February 20, 2010 Burning Issues - Economy
Ethiopia’s year-on-year inflation rose to 7.6 percent in January from 7.1 percent in December on the back of rising fuel, food and construction material prices, the statistics office said on Thursday. Inflation in the Horn of Africa nation surged to 64.2 percent in July 2008, driven by record high food and fuel prices, before tough government intervention led to a period of deflation from July to October last year. The government says it expects growth of about 10 percent in 2010. Opposition parties contest the government’s statistics. (Reporting by Barry Malone; Editing by David Clarke) Click for Source
Zenawi’s Revolutionary Democracy Enriches the Few and Impoverishes the Majority
Published Tuesday, February 16, 2010 Burning Issues - Economy
Zenawi is presiding over a massive transfer of wealth from the state/people into the hands of the few, well-connected members of the oligarchy. While doing so, he flashes “GDP” numbers to hoodwink the public into believing the theft is an “economic growth.” ... The lack of economic dynamism is because Zenawi is only tweaking (cooking) a few aspects of the GDP formula since control over the economy by the oligarchy is of prime importance. The fragility of the economy comes from the fact that the GDP expansion relies on exploiting natural resources. Full Text
Despite Growth, Economy is Fragile (HF Index of Economic Freedom)
Published Tuesday, February 09, 2010 Burning Issues - Economy
Ethiopia’s economic freedom score is 51.2, making its economy the 136th freest in the 2010 Index. Its overall score fell 1.8 points as a result of deteriorating trade freedom, monetary freedom, and investment freedom. Ethiopia is ranked 28th out of 46 countries in the Sub-Saharan Africa region, and its overall score is just below the regional average. Full Text
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