ADDIS ABABA Thu Nov 14, 2013
Food prices rose 7.8 percent over the 12-month period compared with 4.3 percent year-on-year in September, the Central Statistics Agency said. The non-food inflation rate dipped to 9.2 percent in October from 10 percent in September.
The International Monetary Fund forecasts inflation in the Horn of Africa country will remain in single digits over the next two fiscal years while the economy of Africa’s second most populous nation will grow 7.5 percent annually in that period. (Reporting by Aaron Maasho; Editing by Richard Lough)