Ethiopia's House of People's Representatives, at its 8th regular meeting, acknowledged the severe impact of rising inflation on the nation's citizens. Members voiced serious concern about the hardship caused by escalating prices for essential goods and fuel.
In a heartfelt discussion, they posed important questions to the Minister of Trade and Regional Cooperation, Dr.Kassahun Gofe, who offered thoughtful insights into the economic struggles currently affecting families.
The conversations brought to light a widespread concern about the rising prices of domestic products, largely driven by the actions of illegal traders and middlemen. House members empathized with the frustration shared by countless Ethiopians who find it increasingly difficult to make ends meet. They urged the Ministry to step up monitoring and control measures, reflecting a collective desire for relief from these economic pressures.
Amid these challenges, the House acknowledged the positive impact of the Sunday market—an inspiring community-driven initiative in Addis Ababa and other regional cities. This market has brought some relief to residents, and members encouraged strengthened support for these local spaces at the kebele (neighborhood) level. They also underscored the critical need to address disparities in access to electricity and essential services, as these inequalities only deepen the hardships faced by many households.
A poignant topic of discussion was the recent tax increase on khat, a stimulant important to many in the community. Members voiced concerns about the burdens placed on those involved in its production and trade, recognizing the emotional and financial strain this has caused. They urged the Ministry to consider adjustments to the tax framework to help alleviate these difficulties for those impacted.
Minister Kassahun Gofe shared updates on the proactive measures the Ministry has undertaken, revealing that significant actions have been initiated against approximately 105,000 illegal traders in a dedicated effort to combat inflation. He highlighted a notable reduction in the inflation rate of food products, which decreased from 29.2 per cent in October to a more manageable 19 per cent, a positive step that should bring some relief to struggling families.
The Minister expressed appreciation for the role of the Sunday market in easing living costs and reassured the House that efforts are in place to expand access to these markets for even greater community benefit. Furthermore, he announced plans to construct shopping malls in various cities, aiming to enhance consumer options and improve the shopping experience.
To tackle ongoing issues related to fuel supply and distribution, Minister Kassahun revealed plans for a new regulatory system designed to stabilize the fuel market, ensuring a more reliable supply for all users. This comprehensive approach seeks not just to combat inflation but to build a resilient and equitable economic environment, showing a commitment to supporting all Ethiopians during these trying times.