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“Efforts are being made to stabilize inflation”: Government Communication Service.

The government is working hard to control inflation, according to the Government Communications Service.

State Minister for Government Communication Services, Selamwit Kassa, on the occasion said the macroeconomic performance in the first three months of the 2014 Ethiopian budget year.

He said inflation was 33 percent in November. This is a slight decrease over the past two months, he said.

He said food inflation is 38.9 percent. He said it has decreased by 1.7 percent compared to October.

The state minister cited fiscal and monetary policy reforms as examples, citing various government initiatives and reforms to curb inflation.

On the other hand, he said that cost reduction and other administrative measures have been taken. He also said that action has been taken against food-related products.

There are indications that inflation could decrease in the coming months; According to the State Minister, this is a time of harvest, which is likely to result in lower prices.

Written by Editor


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