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Ethiopia inflation dropped to lowest level of 2012 in December
By Aaron Maasho
ADDIS ABABA, Jan 9 (Reuters) - Ethiopian inflation dropped in December to 12.9 percent year-on-year, its lowest rate of 2012, official data showed on Wednesday.
The government had targeted single-digit inflation in 2012, something it now hopes to achieve this year.
Inflation, which has been billed by the IMF as the country's biggest economic challenge, peaked at 36.3 percent last February, and has steadily declined due to rising agricultural output and government subsidies on a number of food items.
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