Monday, August 08, 2011

UPDATE 1-Food prices push Ethiopia inflation to 39 pct

(ADDIS ABABA Aug 8 (Reuters) - Consumer prices in Ethiopia jumped 39.2 percent in July from a year earlier, mainly driven by a surge in food costs, the statistics office said on Monday.

Food prices, which account for 57 percent of the consumer price index, jumped 47.4 percent on more expensive cereals, oils and fats, pulses and dairy products.

Cigarettes and tobacco prices rose 44.8 percent, while transport and communication costs were up 44.3 percent, the office said on its website. Read More from Reuters  »

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