Ethiopia's December CPI shows inflation slowing to 9.7% year‑on‑year

What happened

The Consumer Price Index (CPI) for December EFY 2018 recorded a year‑on‑year general inflation rate of 9.7 percent, a substantial decline from 17.0 percent in December EFY 2017. On a month‑to‑month basis, inflation fell by 0.3 percent, compared with a 0.8 percent rise in the same month of the prior year. Food and non‑alcoholic beverages inflation was 9.8 percent and non‑food inflation was 9.6 percent, both lower than the previous year, though price increases persisted in several categories.