Middle East conflict sends fuel prices in Addis Ababa sky-rocketing as Ethiopia prepares to celebrate Fasika or Orthodox Easter
Ethiopia follows the Eastern Orthodox calendar, different from the widely used Gregorian calendar. In the East African country, Easter comes after a 55-day fasting from animal products, mainly meat, milk, butter and eggs.
Floating of Ethiopian currency sets off volatility as hotel menus warn of ‘new price for every meal at any moment’
Many supermarkets in Addis Ababa are hoarding products in warehouses and only selling small quantities in their stores to escape punishment by city authorities, who have vowed to crack down on hoarders. Consumers who want to buy in bulk must pay inflated prices for products they are told to pick from warehouses.
