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Exhibition and bazaar to stabilize market inflation

The Ethiopian Cooperative Commission said it will stabilize the market price during a week-long exhibition and bazaar in February.

The Ethiopian Cooperative Commission (ECC) has issued a press statement today for its one-week exhibition and bazaar to be held next February.

The exhibition and bazaar play an important role in stabilizing the market, said Abdi Mohamed.

He said the exhibition and bazaar scheduled for February will play an important role in strengthening market linkages in rural and urban areas.

Is it really possible to stabilize the market price with this one-week exhibition and bazaar? The Deputy Commissioner of the Commission, Abdi Mud, responded to questions from journalists.

According to the Central Statistics Agency, overall inflation in December 2014 was 35.1 percent higher than in December 2013.

Food inflation also increased by 41.6 percent in December 2014 compared to December 2013.

Other high prices include cereals, fruits and vegetables, spices, animal and animal products, honey, coffee, value-added agricultural products and industrial products, which are said to be available in bulk.

It is also said that more than 5,000 quintals will be sold in the bazaar and more than 30,000 quintals will be traded.

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