The global market, variable agricultural production and irregular trading practices have marked food price volatility in Ethiopia over the last decade. However, the recent decline in global prices of food and fuel, coupled with state intervention in managing the supply of consumer goods, have brought some stability to food prices in 2014/15. While the safety net and price control measures could help mitigate the aggravation of impacts of food price increases on poor families, a more comprehensive food security approach is necessary. The article argues the importance of enhancing the purchasing power of the people.