fbpx

How Single-Digit Inflation Helps Economic Growth In Ethiopia

How Single-Digit Inflation Helps Economic Growth In Ethiopia

“Generally, 2015 inflation has been slightly rising up because the prices of fruits, vegetables, sugar, meats and spices has been on the increase during 2015,” Alemayehu Teferi of the Central Statistics Agency told CCTV Africa.

However in February, experts noted, Ethiopia’s inflation should become more stabilized. Despite spikes in food inflation, overall single-digit inflation has managed to positively impact the country’s economy. Within the past two years, according to CCTV Africa, single-digit inflation — around 7 percent — has created room for the economy to grow.