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Ethiopia records deflation for third month running

10/21/09

Permalink 02:45:05 pm, by nazret.com, 98 words, 2658 views   English (US)
Categories: Business, Ethiopia

Ethiopia records deflation for third month running

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Ethiopia records deflation for third month running

ADDIS ABABA (Reuters)

deflation

- Ethiopia has recorded a third straight month of deflation with an annual negative inflation rate of 4.1 percent in September on falling food prices, the government said on Tuesday.

Inflation in the giant Horn of Africa nation hit a high of 64.2 percent in July 2008 driven by record high food and fuel prices, but has fallen every month since.

"The main reason for the decline is the fall in the prices of food components, especially cereals," the country's Central Statistical Agency said in a statement.


Read Complete Report from Reuters ...

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msg Comment from: :Lekim Ye-Woyane Leba [Visitor]
YA right!!! I wonder where these figures are coming from?
PermalinkPermalink 10/21/09 @ 15:55

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msg Comment from: addis zemen [Visitor]
"ETHIOPIA ONE OF AFRICA'S BIGGEST POTENTIAL MARKETS WITH SOME 80 MILLION PEOPLE,IS DRAWING FOREIGN INVESTOR INTEREST IN AGRICULTURE, HYDROPOWER,AND OIL & GAS EXPLORATION."
When ever the value of one country's curency grows that is the sign of being on the right track with positive outlook.so far EPDRF GOVT has done good job to bring down the inflation rate.despite all the obstacles we face from outside and inside with man made or natural mishaps,the Ethiopian govt is by far the best choice we have for our future.they have been tasted and proven to take us to the next level in our fight to elimnate poverty and hinderance once and forever.
PermalinkPermalink 10/21/09 @ 16:26

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msg Comment from: Sammy [Visitor]
Why reuters be the echo of the government figure? "The main reason for the decline is the fall in the prices of food components, especially cereals," teff can categorize by cereal why is still over 1000 dollar one quintal? if the think there is no more inflation let them be specific in which part or area the study show? my people are still suffering with everything shame for this report...
PermalinkPermalink 10/21/09 @ 16:32

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msg Comment from: sayee derso [Visitor]
everybody wishes it were true; but, how can an overlying government media can be trusted and quoted?
PermalinkPermalink 10/21/09 @ 16:42

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msg Comment from: The Right Way [Visitor]
LOL.
Woyane's dumb math. So why is Meles killing 9 millions or 6 millions in his count Ethiopians?

The only sharp dicline under Woyane watch is people's income, food, hope, liberty and freedom.
PermalinkPermalink 10/21/09 @ 16:44

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msg Comment from: Issac [Visitor]
I have seen this move played before with the same ending. This does not jive with the miserable life Ethiopians are living day in and day out. True, some governments do massage their countries economic data for obvious reason. But the economic data that originates from the Ethiopian government has been so absurd that it insults our ntelligence.
PermalinkPermalink 10/21/09 @ 17:23

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msg Comment from: visitor1 [Visitor]
The devils are on the details!
Prices going up 64.2 % and then going down 4% percent don’t mean food prices are cheaper than what they used a year ago!

just like a used car sales man jacking the price of car 64% and then giving you a 4% discount!!


PermalinkPermalink 10/21/09 @ 17:29

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msg Comment from: Issac [Visitor]
We ought to differentiate the bogus statistical data from the hard working and competent statisticians who work tirelessly under difficult circumstances where their final products have politicians fingerprint all over it.

PermalinkPermalink 10/21/09 @ 17:41

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msg Comment from: mezmur [Visitor]
STATISTICS COULD BE A LIE UNLESS...

Statistics is a premises with possibility of a lie as an explanation for occurence of an event: in this case fall in inflation. When statistical figures are reported they should be supported by a ground work, something tangible, to interprate and aviod the role of a lie/false interpretation.

Such a report therefore has to be taken with causion particularly when it is being used by unreliable sources: THE EPRDF GOVERNMENT.

PermalinkPermalink 10/21/09 @ 17:58

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msg Comment from: ab [Visitor]
it is a lie.the price of petrol has hit £10.75 birr per litre for the first time last month and now just last week, it increased to 11.25 birr per litre again.
is this deflation or inflation? pleaseeeeeeeeeeeee
PermalinkPermalink 10/21/09 @ 19:54

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msg Comment from: Gerum abate [Visitor]
Retarded abeshas.....tired of reading ur hateful comments
PermalinkPermalink 10/21/09 @ 22:48

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msg Comment from: omo [Visitor]
I thought that deflation is as bad as inflation, if not worse. Deflation is due to the absence of capital (money) and credit, which means less buying power of citizens and of course less economic growth (economic depression) . Naturally, the law of supply and demand will bring down prices as long as there are no buyers.
Here is a good chance for our economists to teach us some economics.
PermalinkPermalink 10/22/09 @ 00:01

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msg Comment from: Abeshaw [Visitor]
To Sammy
Do you know the value difference between Eth Birr and Us dollars!? Before you say something on the net you should know what to say before hand! You are the gummiest Ethiopian I have ever seen in my entire life. Dedeb! You better go to elementary school abo!!!
PermalinkPermalink 10/22/09 @ 00:40

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msg Comment from: Wane Wane [Visitor]

Reuter it seems that you are the one advising woyanne or so called (government)I dont think you would have written it that way if it was your own country .all the missery in the country is because of bad and incapable governance period.
PermalinkPermalink 10/22/09 @ 05:07

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msg Comment from: goradew [Visitor]
the pumpkin heads of Abay Tigray know jack shit about deflation. At one point you here them saying the economy is growing @ 12 - 15% per annum and now they tellling us they are experiencing a deflation. For GDP to grow at such high rate and at same time bringing inflation to its lowest level in inconcievable to high school economics let alone the vast public. If GDP is growing at that level then prices must be high to support that growth.

May be the rest of Ethiopia is subsidising prices in Abay Tigray.

PermalinkPermalink 10/22/09 @ 06:10

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msg Comment from: goradew [Visitor]
the pumpkin heads of Abay Tigray know jack shit about deflation. At one point you here them saying the economy is growing @ 12 - 15% per annum and now they tellling us they are experiencing a deflation. For GDP to grow at such high rate and at same time bringing inflation to its lowest level in inconcievable to high school economics let alone the vast public. If GDP is growing at that level then prices must be high to support that growth.

May be the rest of Ethiopia is subsidising prices in Abay Tigray.

PermalinkPermalink 10/22/09 @ 06:12

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msg Comment from: laljoe [Visitor]
let's rise up!!
PermalinkPermalink 10/22/09 @ 07:29

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msg Comment from: Sheka [Visitor]
Bravo, EPRDF! Go Go...
PermalinkPermalink 10/22/09 @ 08:07

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msg Comment from: Sami 1 [Visitor]
Z-Mike and likes will tell you cover your eyes we are fine long live Meles!
PermalinkPermalink 10/22/09 @ 11:23

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msg Comment from: Yonas Bekele [Visitor]
As Ben Disraeli/Mark Twain put it: there are "lies, damned lies, and statistics". As noted by Visitor1, I gather that the stats presented are sequential month over month data, on a annualized rate, which can easily interpreted to be the inflation rate for the whole year. Misleading unless I am missing something myself.

The other counterintuitive fact is that food price would be declining in a time of famine. If buying power is not declining (remember GDP in Ethiopia is growing by leaps and bounds according to the TPLF) then limited supply would mean a hike in food prices. Or I only know freakonics ;-)
PermalinkPermalink 10/22/09 @ 18:36

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msg Comment from: soso [Visitor]
Sammy, you are mentally handicap. Please see the cup as half full not as half empty. Please develope a positive mental attitude. Let us not make uneaducated comment when we could not even distinguish between Birr and Dollar($). Shame on you!!!Please take this comment as a feed-back not as criticism.
PermalinkPermalink 10/22/09 @ 21:06

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