The bureau has further revoked the licenses of 562 businesses found to be in violation of regulations governing their operations. Shockingly, it reached an unprecedented high of 33.7% during the 2021/22 period, while the food inflation rate soared to a staggering 40.2%. However, overall inflation dipped to 30.8% in May 2023, with food inflation sliding down to 28.5%. This newly launched factory, situated in the Addis Ketema district, is one of three facilities established by the Addis Abeba City Administration in 2023. Approximately 1.2 million residents of Addis Abeba are deemed eligible to benefit from these subsidized prices.

Source: Ethiopian News July 27, 2023 08:57 UTC