Ethiopia’s headline inflation rises to 8.7 pct in May: statistics office

Wed Jun 7, 2017 8:54am GMT

A shop owner poses for a photograph at the Mercato market in Addis Ababa December 16, 2015. REUTERS/Tiksa Negeri

ADDIS ABABA (Reuters) – Ethiopia’s year-on-year inflation rose to 8.7 percent in May from 8.6 percent in April, driven by a surge in both food and non-food costs, the statistics office said on Wednesday.

Food inflation rose 12.3 percent year-on-year in May from 12.2 percent the previous month. Non-food inflation rose 4.7 percent from 4.6 percent in April.

(Reporting by Aaron Maasho; editing by Elias Biryabarema)

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