Attachments
Key Messages
• A 1% decline in the national JMMI full basket cost was observed between August and September 2024. This decrease can be attributed to the subsidies on imported items and strict price enforcement measures implemented by the Ethiopian government.2 Since the introduction of the new macroeconomic policy, the government has been closely monitoring market conditions and imposing penalties on vendors who increase prices beyond the stipulated limits.
• Despite minimal changes in the national JMMI full and food baskets (-1% and -1%, respectively), certain commodities experienced significant price increases. Camel meat, onions, tomatoes, goat meat, and green leafy vegetables saw price surges of 60%, 44%, 43%, 33%, and 30%, respectively. These increases are likely attributable to the holiday season, escalating conflicts in Amhara, and other seasonal factors such as the rainy season.
• In September, 29% of assessed markets nationwide experienced severe market functionality issues, particularly in terms of availability and resilience. This made CVA implementation challenging, likely due to traders’ limited funds and their inability to meet demand. This represents a slight increase from August, when 25% of assessed markets faced similar issues.