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Associated Press News

Associated Press News

Price instability rocks Ethiopia as it reels from foreign exchange rate reforms

Associated Press News
Summary
Nutrition label

83% Informative

Ethiopian birr has lost 60% of its value against the dollar as of Monday .

Businesses in Addis Ababa struggle to keep up with spiraling inflation since the government implemented a flexible exchange rate policy late last month .

Many supermarkets are hoarding products in warehouses and only selling small quantities in their stores to escape punishment.

VR Score

88

Informative language

91

Neutral language

64

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links