The Causes of the Current Ethiopian Soaring Inflation Rate: A Non-Technical Analysis
Sudan Tribune, France
May 7, 2008
COMPLETE ESSAY IS ATTACHED AS A WORD FILE
Seid Hassan
Dr. Seid Hassan, editor of The Journal of Business and Public Affairs, and professor of Economics at Murray State University – Kentucky.
inflation.doc
The most significant and daunting problem facing Ethiopia today is the rampant inflation rate. As reported by bloomberg.com, the Ethiopian Statistical Agency has reported that inflation for March 2008 has risen to 29.6%, food price inflation being even higher (39.4%). Some reports indicate the inflation rate in January 2008 to be in the range of 36%. According to Prime Minister Meles Zenawi, the causes of this rampant inflation rate are a growing economy, greedy merchants, and/or farmers who happen to demand higher prices for their products or an increase in demand.....
Continued in Word Attachment