Tag Archives: Inflation

Inflation surges to seven year high

7 Sep

Posted by The Ethiopia Observatory (TEO)

A renowned economics professor sees need for the government ” to focus on inflation to provide structural solutions to structural problems as well as upholding the Developmental State Model along with democratization, supported by knowledge-based decision making and economic planning.”

“The growth was driven more by capital accumulation. Productivity growth is constrained by structural and institutional bottlenecks. There were hurdles for the business environment too,” Eyob Tekalegn indicated.

With no signs of abating, the consumer price index inflation in Ethiopia is reported have reached a seven-year high in the just ended month, intensifying fears that it might exacerbate the already distorted macroeconomic situation in Ethiopia, The Reporter has learnt.

A monthly report released by the Central Statistics Agency (CSA) shows headline inflation, which is used to measure the cost of living using a Consumer Price Index (CPI), jumped from 15.5 percent to 17.9 percent in August.

Moreover, Food Inflation has increased to 23 percent from 20 percent.

“Increases in price of major cereal types (especially Teff, Barely, Sorghum and Maize) has continued unabated in the current month,” reads the report. In addition, some of the vegetables which are important daily ingredients for food (ONIONS and GARLIC) have shown an exaggerated rise during the last month which has contributed to the rising inflation figures. However, the prices of Wheat, Rice and Bread have shown a sign of decline in some regions.

At the same time, Non-food Inflation has increased from 10.3 percent to 12 percent, according to the report from the Agency.

“The rise in inflation in the Non-food component is mainly due to rise in the prices of Clothing and Footwear, House Rent, Housing Repair and Maintenance, Energy (Firewood and Charcoal), Household goods and Furnishings, Health Care and Transport (Specially, Household Cars),” reads the report.

It can be recalled that back in May 2019, headline inflation showed an 11-month high at 16.2 percent where food inflation increased from 14.5 to 20.7 percent. In the same token, non-food inflation increased from 0.1 percent to 11 percent.

Back in June, following the escalation in the cost of living, it can be recalled that a taskforce was formed to come-up with a solution for the continued increase in inflation. The taskforce was to conduct researches and forward recommendations to the Macroeconomic Committee, chaired by Prime Minster Abiy Ahmed (PhD).

Just last month, experts have urged the government to introduce a remedy in order to manage the ever increasing inflation.

According to Alemayehu Geda (PhD, Prof.), a prominent economics professor from Addis Ababa University (AAU), said that the government’s investment trends over the years has applied constant pressure on inflation, making life difficult for the poor.

Speaking at a forum organized by Forum for Social Studies (FSS), he said that the government needs to focus on inflation, “to provide structural solutions to structural problems as well as upholding the Developmental State Model along with democratization, supported by knowledge-based decision making and economic planning.”

 

/The Reporter

Related:

Private engagement

 

 

 

Ethiopia devalues currency by 15% in competitiveness bid

10 Oct

Posted by The Ethiopia Observatory (TEO)
by AFP
 
Income from Ethiopia’s top products, including coffee, has dropped in recent years because of low global commodities prices

Ethiopia will devalue its currency by 15 percent in a bid to boost demand for its major exports, a state-run media outlet reported Tuesday.
Continue reading

ለመሆኑ አዲስ አበባ ከተማ የማናት? ቅጥ ያጣው የሕዋሃቶች ቁማር በመሬት ዙርያ!

1 Feb

Posted by The Ethiopia Observatory (TEO)
 

ሰሞኑን ሕወሃቶች አንድ ዘመቻ ጀምረዋል። ለነገሩ እንደማንኛውም የሕወሃት ነገር ሁሉ፣ ቁጥር ላይ የተመሠረተ ነው። ዛሬ ሃገራችን የውጭ ዕዳ ለስኳር ጭምር ተሸክማ ባለችበት ሁኔታ ለምን ስኳር የለም ስንል መልሱ፡ ፕሮጀክቱን የሕወሃት ሰዎች በችሎታ ማነስ አበላሸተውታል። ገንዘቡንም በልተዋል።

ታዲያ ሰሞኑ የጀመሩት ዘመቻ ትግሬዎች አዲስ አበባ ውስጥ እንደሚባለው ሃብታሞች አይደሉም የሚል ላይ ያተኮረ ነው! ፌስቡክ መልዕክት – ለመከፋፍልም የሚሞክረው – ዋናዎቹ ሃብታሞች ጎጃሜዎች ናቸው ይላል።


 

አዲስ አበባ ውስጥ ካሉት ከ130 በላይ ግዙፍ ሆቴሎች 11 ብቻ የትግሬዎች ባለቤቶች ሲኖራቸው፣ 38ቱ ደግሞ በጎጃሞች የተያዙ ናቸው ይላል።

ለነገሩ ማን ይሆን እያሠረ፣ ቤቶች እየደረመሠ መሬት ከጣራና ግርግዳ ሥር የሚነጥቀው፡ እየገደለና እየዘረፈ ሃብት ለራሱና ለወገኖቹ የሚያስተላልፈውና የሚያካብተው ማን ሆነና?

የሚገርመው ነገር ባለፈው ሣምንት መጀመሪያ ላይ ኢንዱስትሪዎች አዲስ አበባ አካባቢ እንዲቋቋሙ 10.5 ቢሊዮን የሚፈጁ ፕሮጀክቶች መዘጋቸታቸውን የሕወሃት ሰዎች መቃወማቸው ነው። ምክንያታቸው ምንድነው? ለምን ትግራይ ውስጥ አይሠሩም በማለት ነው! ትዊቴን ይመልከቱ!

የሚገርመው በሃገር ውስጥ ያከማቸው ሃብት ብቻ ሣይሆን፡ሕወሃት ወደ ውጭ ሃገርም ብዙ ሃብት ማሽሹ ይታወቃል!

ከላይ የተቀመጠው ቪዲዮ ላይ ጠቃሚ መረጃ ያገኛሉ!
 

ሕወሃት $691 ዓመታዊ ነፍስ ወከፍ ገቢ ላይ ተደረሰ ይላል፥ ገሚሱን የኢትዮጵያ ሕዝብ የቡና ሽታና ደመና ላይ ያለ እራት እየጋበዘ!

16 Oct

በከፍያለው ገብረመድኅን – The Ethiopia Observatory (TEO)

    ከሰሞኑ በከተብኩት ጽሁፍ እንደገለጽኩት፡ ፊች የተሰኘው ድርጅት ዓመት ባነሰ ጊዜ ውስጥ ሁለት ጊዜ የኢትዮጵያን ኤኮኖሚ ገምግሞ ጥቅምት 3፣ 2015 ባቀረበው ድምዳሜ እንዲህ ይላል፦
    Continue reading

የሕወሃቶች የሂስና ግለሂስ ርብርብ ጠ/ሚኒስትር ተብየውን ሻንጣህን ሸክፍና ዞር በል የሚል ይመስላል

14 May

በከፍያለው ገብረመድኅን – The Ethiopia Observatory (TEO)

– I –

ሂስና ግለሂስ ተብሎ ሰሞኑን በሃገራችን ሕወሃት ሲያካሄድ የከረመው ጉዳይ፡ ከአንድ ቀን ከሩብ ያህል አተካራ በኋላ በጠቅላይ ሚኒስትር ተብየው መጋለጥ፡ ውርደትና ግንዘት ተጠናቋል። ምናልባትም ለግንቦቱ ምርጫ ጥቂት ቀናት ሲቀሩት ይህ ሁኔታ መፈጸሙ፥ በተለይም የጠቅላይ ሚኒስትርነቱን ቢሮ ከዘረኛውና ጸረ-ኢትዮጵያው ከነበረው መለስ ዜናዊ በኋላው ይዞ የቆየው ግለስብ ላይ ሕወሃት ያስተባበረው የቃላት ድብደባ በማናቸውም መለኪያ እጅግ ሠቅጣጭና አዋራጅ ነው።
Continue reading

Ethiopia’s wheat conundrum

5 Nov

Editor’s Note:

    Before Prime Minister Hailemariam’s announcement that Ethiopia has become food secure faded from the minds of Ethiopians, the National Bank of Ethiopia (NBE) signaled that it has arranged $600 million in loans for food imports (wheat mostly) and $120 mil for sugar to stave shortages-caused price hikes off.
    Continue reading

በኢትዮጵያ ተንከባላይ አማካይ አገር አቀፍ የ12 ወራት የዋጋ ግሽበት 11.3 በመቶ ጭማሪ አሳየ፤ ምግብም 9.4 በመቶ

6 Sep

Posted by The Ethiopia Observatory (TEO)

የነሐሴ ወር አጠቃላይ የዋጋ ግሽበት ካለፈው ዓመት ተመሳሳይ ጊዜ ጋር ሲነጻጸር 7.0 በመቶ ጭማሪ ማሳየቱን ማዕከላዊ ስታቲስቲክስ ቢገልጽም – የሚታመን ከሆነ – ዓመታዊው ማዕካለዊ ተንከባላይ የዋጋ ግሽበት ግን 11.3 በመቶ ሆኗል።
Continue reading

Will Ethiopia’s New Sovereign Credit Rating Increase Foreign Investment?

3 Jul

Posted by The Ethiopia Observatory (TEO)
by Temesgen Deressa and Amadou Sy*

    Not all FDIs are equal in this regard, as shown by the poor record of African natural resource-rich countries. Ethiopia, which is resource poor, can pave the way on how African countries can attract FDI beyond those related to oil, gas and other extractive industries.

Last month, Moody’s Investors Service assigned a debut sovereign rating of B1 to the government of Ethiopia. A B1 rating is equivalent to a B rating in Fitch Ratings’ scale, which is the agency that rates most African sovereigns. The rating puts Ethiopia on par with Rwanda but a notch below countries such as Kenya, Ghana and Zambia, all rated B+ by Fitch. Oil exporters such as Angola and Nigeria are rated better at BB-.
Continue reading

%d bloggers like this: