Ethiopian News Warns That Food Prices May Increase
Recently publicized by Ethiopian news, the government removed a price cap on basic food items. This has caused a dramatic increase in the prices of common produce. Civilians may find it difficult to buy necessary items, and many are going without.
The government has formally levied the blame on the continuously rising cost of produce internationally. Experts argue that it is actually the government induced price caps that are the cause of inflation. Meat, bread, oil, and other items have nearly doubled in price. Many people are unable to pay the prices for essential food items.
Many experts continue to argue the issue. The excessive printing of money has led to inflation in the past, an action the Ethiopian government is currently repeating. The government has also been directing funds to pay for infrastructure projects.Many new roads and buildings have been constructed to the dismay of the hungry populous. Some citizens are beginning to cry foul play.
There is a history of citizens needing government food aide. Before the removal of the price cap over 3.2 million citizens relied on the government for food aide. Inflation is now at a historic high of thirty-five percent, a significant increase from the past years. It is estimated that the inflation coupled with no government intervention will leave over 5 million civilians dependent on government supplied food aide. Civilians are already displaying discontent with the high costs.
Historically a non-resistive country, civilians alerted the government to their malcontent. A massive text-messaging campaign and a boycott of meat were instituted in an effort to lower market prices. The boycott had a significant impact on the customer base, yet few merchants actually have the ability to lower the prices. Neither party is able to reach an agreement.
The civilians and the merchant parties are being detrimentally effected by the significant increases in prices. With citizens unable to pay the inflated cost of food, merchants are unable to turn a profit. The lack of profit leaves the merchants unable to lower the prices of the items to a more reasonable rate. Continuous food shortage and government caused inflation has made it impossible for either side to reach a bargain.
There is much going on in Ethiopian news, and many sources to read. All make it clear that the rising cost of food is the main concern. Food shortages, drought, and government spending have only worsened the issue of inflation. More and more citizens will be added to the list of government food aide as many will be going without the basics. Read more about: ethiopian news
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