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Labo

Djibouti August inflation falls to 4.6 pct year/year


NAIROBI (Reuters) – Consumer prices in Djibouti rose 4.6 percent on the year in August, slowing from 5.0 percent annual inflation a month earlier, while on-month prices rose 0.8 percent, driven by the rising cost of food, official data showed on Thursday.

On a year-on-year basis, food prices jumped 8.7 percent, due largely to dwindling supplies as one of the region’s worst droughts in decades ravages the Horn of Africa.

From a month earlier, meat prices rose 9.8 percent in August and the prices of fruit and sugar climbed 5.6 percent and 5.2 percent, respectively. The price of khat, a natural stimulant widely chewed by the male population, bucked the trend, falling 2.1 percent from a month earlier.

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About labo22

Hi, this is Labaale your average concerned citizen of Horn of Africa, we’re really worried about the stability of this war torn region, we have the worst dictators from around the world, ironically supported by the Western Countries supposedly the advocators of democracy, transparency, good governance and human Right, If regime change is really needed this is the place to start, we have no short of rootless dictators from MELES Zenawi of Ethiopia,ISMAIL Guelleh of Djibouti,RAYAALE Kahin of self-declared Somaliland and ISAIAS Afwerk of Eritrea.

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