Ethopia: Price hikes amid stringent gov’t measures left consumers in Addis Abeba anxious, uncertain

Addis Abeba – In the wake of the Ethiopian government’s implementation of sweeping macroeconomic reforms, the country, particularly the capital Addis Abeba, has seen a notable rise in prices for a range of consumer goods, prompting a crackdown on businesses accused of price hikes and hoarding.

The reforms, announced on July 28, 2024, have transitioned the country from a fixed foreign currency exchange rate…