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Ethiopia Inflation Rate Climbs to 38.1% in June From Year Ago, Agency Says
Ethiopia’s inflation rate climbed to 38.1 percent in June from a year earlier as food costs increased and the central bank boosted the money supply.
Inflation accelerated from 34.7 percent in May, the Central Statistical Agency, based in the capital, Addis Ababa, said in an e-mailed statement today. Food prices surged 45.3 percent in June after rising 40.7 percent in the previous month, it said.
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