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2026-04-06 17:14:53
[Ethiopia's March Inflation Rate Drops to 9.4%, Lowest Level Since 2018] ⑴ Ethiopia's annual inflation rate slowed for the second consecutive month in March, falling to 9.4% from 9.7% in March, the lowest level since November 2018. This was mainly due to a slowdown in non-food price increases (7% in March, 8.1% in February). ⑵ On the other hand, food price increases accelerated (11% in March, 10.8% in February), primarily driven by increases in bread and cereals (up 3.5%), vegetables (up 9.1%), non-alcoholic beverages (up 37.7%), and meat (up 14.7%). ⑶ On a month-on-month basis, consumer prices rose 2.3% in March, the largest increase in five months, compared to a 0.4% increase in the previous month.
