ON SEMICONDUCTOR CORPORATION

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Ethiopia delays inflation data for over two weeks

01/21/2022 | 02:32am EDT
FILE PHOTO: People walk through the streets of a shopping area in Addis Ababa

(Refiles to fix typo in headline)

ADDIS ABABA (Reuters) -Ethiopia has delayed without explanation the release of monthly data for inflation, which topped 30% in recent months and hit a 13-year peak in September as conflict impacted food prices.

Inflation is usually posted by the Central Statistics Agency (CSA) in the first week of the subsequent month, but in an unusual delay December data was still not up by Thursday.

"I have been reporting about inflation for the past six consecutive years and I have never seen such a delay," said one Ethiopian business journalist based in Addis Ababa, who asked not to be identified for fear of reprisals.

The statistic agency's director Biratu Yigezu and spokesman Safi Gemedi did not respond to questions.

In November, inflation was 33% year-on-year, down from 34.2% in October and 34.8% in September, which World Bank data showed to be the highest since 2008.

A more than year-long war in Ethiopia's northern Tigray region, inter-communal violence and drought have damaged the economy and pressured food costs.

Last month, Ethiopia proposed https://www.reuters.com/world/africa/impoverished-ethiopia-seeks-extra-25-bln-rebuild-war-2021-12-30 a 122 billion birr ($2.5 billion) supplementary budget to finance and rebuild areas destroyed by war and provide humanitarian assistance.

(Reporting by Dawit Endeshaw, Editing by Ayenat Mersie and Andrew Cawthorne)


© Reuters 2022
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Financials (USD)
Sales 2022 7 995 M - -
Net income 2022 2 077 M - -
Net Debt 2022 316 M - -
P/E ratio 2022 13,2x
Yield 2022 -
Capitalization 26 566 M 26 566 M -
EV / Sales 2022 3,36x
EV / Sales 2023 3,03x
Nbr of Employees 31 650
Free-Float 71,4%
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Number of Analysts 29
Last Close Price 61,14 $
Average target price 72,44 $
Spread / Average Target 18,5%
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Managers and Directors
Hassane El-Khoury President, Chief Executive Officer & Director
Sam Thad Trent Chief Financial Officer, Treasurer & Executive VP
Alan Campbell Director
Johannes M. C. Stork Chief Technology Officer & Senior Vice President
Wei-Chung Wang Executive VP-Global Manufacturing & Operations
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