ADDIS ABABA, Jan. 16 (Xinhua) -- Ethiopia's general inflation rate decreased to 33.8 percent in December, after reaching 35.1 percent in November 2022, the state Ethiopian Statistics Service (ESS) revealed Monday. In its monthly report, the ESS revealed the main factors behind last month's general inflation rate decline were decreases in food prices. In May 2022, Ethiopia recorded general inflation of 37.2 percent, one of the highest levels in recent years. Since then Ethiopia's general inflation rate has see-sawed, decreasing to 30.7 percent in September, but then climbing upwards to reach 35.1 percent in November last year. Ethiopia's food inflation in December stood at 32.9 percent, down from 34.2 percent the previous month.

Source: Ethiopian News January 16, 2023 18:22 UTC