Home | News    Friday 4 May 2012

Sudan inflation up by 21% in Q1 2012

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May 3, 2012 (WASHINGTON) – The inflation rate in Sudan rose to 21% the first quarter of 2012 compared to 16% for the same time period last year, the Sudanese finance and national economy minister Ali Mahmood Abdel-Rasool reporyed today.

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Sudan’s Finance and national economy Minister Ali Mahmood Abdel-Rasool (Reuters)

The Sudanese minister in a report submitted during the council of ministers meeting headed by president Omer Hassan al-Bashir, attributed this to the increasing prices of food products and drinks particularly meat and milk.

Omer Mohamed Saleh, spokesman of the council of ministers, said the main challenges facing the country are economic sanctions and the non-collection of oil transit fees from South Sudan estimated at 6.9 billion pounds.

He also cited the continuation of fuel subsidies costing the budget 490 million pounds and new spending on the military conflict with South Sudan that erupted in late March.

In July 2011, South Sudan became an independent state and took with it 75% of the country’s oil production worth billions of dollars.

Khartoum was hoping that it could make up for that by charging Juba around $36 per barrel to transport its oil through the pipelines running all the way to Red Sea port.

But the landlocked south refused the figure proposed by Sudan and the dispute escalated to the point where Juba decided to suspend oil production that went into effect earlier this year.

This compounded by loss of oil revenues and decline in foreign currency reserves led to sharp weakening of local currency against the dollar making imports more expensive.

The finance minister said the variance between the official exchange rate and black market went up to 55.5% compared to 8.8% last year which he blamed on speculators as well as oil revenue loss.

Nonetheless, Abdel-Rasool projected a 2.2% growth rate in 2012 which contrasted sharply with the forecast of the International Monetary Fund (IMF) made last month of -7.3%.

The IMF also expected consumer prices in Sudan to increase by 23.2% in 2012 and 26.0% in 2013, which is the highest in the Middle East region.

The economic woes of Sudan were made worse by the battles that broke out with South Sudan in April over the oil-rich region of Heglig which produces half of the country’s output of 115,000 bpd.

Despite the reported damage, the government announced this week that the facilities has been repaired and that oil production resumed. It is not clear however if it returned to pre-April levels of 55,000 bpd.

The government is reportedly moving towards lifting subsidies on fuel to ease budget burden, a move strongly resisted by the labor union. Sudanese officials gave conflicting signals on when they intended to implement it.

(ST)

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  • 4 May 2012 08:40, by Dinka Dominated SPLA/M

    I though that there is nothing to gain from insects, so what is the meaning of this?

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    • 4 May 2012 08:44, by Corrector

      What don’t you understand you parasite? The price of goods and services have increased by 21% since an arbitrary date chosen by the IMF. In comparison, the prices of goods and services in S.Sudan increased by 45%+. Do you understand now you imbecile?

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      • 4 May 2012 08:54, by Lang

        2.2% growth rate for 2012.. lol

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      • 4 May 2012 15:01, by Mach

        The claim to enforce economic embargo on South Sudan turned out to be Sudan up by 21% inflation in the first quarter of 2012. It’s one thing to lie but it’s another when the economy produces its own facts!

        When we in South Sudan said “it’s just a matter of time, we really mean it” the truth to that is undeniable now and the countdown to the economic collapse continue!

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    • 4 May 2012 08:45, by Dinkawarrior

      All mosquitos are still crying for no reason while sucking our blood and drinking our oil in Panthou! Shame is always come from you fake Arabs!

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    • 4 May 2012 08:55, by koko Pinto

      It has not rearched to the climax yet. Soon their economic will collapse and the population will demand for the regime change, therefore, we will get rit of NCP.

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      • 4 May 2012 09:12, by Corrector

        Everything is soon for you.. a Cowards dream.

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  • 4 May 2012 08:42, by Corrector

    ST.. work on you’re English skills. Big difference between "up by 21%" and "up to 21%". Please take your job seriously. And for the record, Isn’t inflation in S.Sudan 45%+ ?

    We expect more than this.

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    • 4 May 2012 09:39, by PT92
      Look at this lunatic called Corrector!

      No matter how you want to call it whether it is increases, rose, up, upto, or by? The fact is that your moron mosquito has told the world is a big blown your economic. stop lying! your dumbests are fooling themselves by reporting 5% instead of 95% of your inflation.

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      • 4 May 2012 09:48, by Corrector

        I would love to comment on what you said, but I have no idea what the fuck are you talking about. Construct sentences into meaningful logical premises by arranging words in a grammatically correct manner. And stop sucking my cock, faggot.

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  • 4 May 2012 08:55, by Beneben Bai

    when you put up fire, you warm youself with it. this is what they have been looking for. if they were not fools, they could have not stick to the agenda of war and kept attacking SPLA positions by air and ground. they refused to eat it when it was cooked but they are preparing themselves now to eat it when it is being replaced by the raw one. ha ha ha haaa. you must pay the price for your actions

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    • 4 May 2012 19:56, by mohammed ali

      Benben,emargo will reduce the prices in Sudan, because we consume ower products consequently prices will come down, hence inflation will come down.It is funny that you are happy! Your inflation is 56% not 45%; that was even before the embargo.Your ecenomy depends 100% on oil and since there is no oil, there is no economy!Hatred is blind!

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  • 4 May 2012 09:06, by Beneben Bai

    corrector, don’t talk about errors here. most writers/commentators including myself and you are not English, we just learnt it as other languages. simply check even your English when you say "you’re English", some one can tell you no, it is not you’re English as you put it, but "your English". Good luck

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  • 4 May 2012 09:15, by Beneben Bai

    jalaby, "everything discuss openly in Sudan and inform our people". do you discuss HIV/AIDs openly in sudan at every corner? just simple question. tell us what do you know is not discuss openly in S. Sudan. Did you discussed openly the secrets behind the conflict between Massar and Director of SUNA? ha ha ha haaa. you are foolish

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    • 4 May 2012 09:18, by Corrector

      We didn’t discuss HIV/AID’s in Sudan simply because most of them were Southerns. No body gives a fuck about them. S.Sudan discusses homosexuality, because that’s all what they care about, sucking dick.

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      • 4 May 2012 09:24, by zulu

        Mosquitos have no more blood to suck, ha? You said, every thing was sufficient and let south sudanese drink their oil. We dont need transit fees, but reality is creeping deeply. Just slowly the mosquito has 7days to live any way. Inflation up by what? OMG.

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      • 4 May 2012 13:43, by Ruach

        Corrector.You have been a pregnant for a long time waiting to give birth to your damn Prophet Mohamed!!

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        • 4 May 2012 16:18, by Corrector

          you have a talent of talking with my dick in your mouth.. teach your wife that trick.. she keeps biting. Dumb bitch.

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  • 4 May 2012 09:26, by Akolde Nhiak Jinub

    Corrector, u called yourself. What is in this news is all about Sudan n her people, not South Sudan, which has allowed NCP regime to strangle her people both economically n socially. Look, infilation has gone that high becoz of spending on military hardwares to fight SS, counting on what is not urs $ 36 per barrel of oil, not agreed. What a shame to NCP to keep chatting innocent Sudanese pp’le!!??

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    • 4 May 2012 09:33, by Corrector

      To begin with, Sudan is not a "she". Second, The Sudanese people are not dumb, we know what’s going on in our country. Third, how does this concern you ?. Mind your own business and keep your children safe and raise them well. Basically by fucking off our business.

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      • 4 May 2012 10:24, by PT92
        stupid mosquito (Corrector) and dumbass (jalaby)!

        Don’t cry yet we have more bargain ships for your moronics mosquitoes to come your way.
        You have two choices to make, one come back to the table and don’t expects 67 cents a barell that we offered u. Cuz that’s too much for us and this time we are offering u 25 cents u either take it or face!!

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        • 4 May 2012 10:44, by PT92

          Mosquito (Corrector) Listen dumbass,
          If you would had gone to a real school instead of terrorists quran school, you would have understand my sentence and its grammar.
          Anyway, that’s not the point. The point is you either take 25 cent a barell or face another 500% inflation. You dig it Son of terrorist?

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          • 4 May 2012 16:21, by Corrector

            I dig like i dig into your mothers ass. and then I dig into her mouth, and then I dig into her ass.. and then I dig into her mouth.. and then into her ass. then i give her 25 cents as per your request. Cunt.

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          • 4 May 2012 20:09, by mohammed ali

            92, we don’t need your oil transit fees, but if you pay 50 dollars we might think about it; taking care that you have FIRST to pay for the damaged caused by SPLA theifs in Heglig.Inflation in SS is above the record. 50 kg of Sugar now is 1000 pounds, can you imagine that.You are just morons dancing around something which you don’t understand!

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  • 4 May 2012 09:51, by Beneben Bai

    corrector,
    First go to khartoum hospital and see the statistics and also check with WHO Office near Gaama’a Street. HIV/AIDs is fucking you up while you keep denying it. Second for homosexuality, we know nothing abut it, we just learnt that your president was a big homosexual and that is why he has 2 wives and has no children up to now. is it not true? ha ha ha haaaa

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  • 4 May 2012 10:10, by Beneben Bai

    corrector, you are foolish. do you mean that you call sudan as he and not she, ha ha ha haaa. it simply means that you are not sudanese. sudan is not you mother land. are you from Chad or what? sudan is land and a country my foolish freind not a man. discuss this openly with your president as you claimed that you discuss everything openly with who ever is there in sudan. ha ha ha haaa. Foolish

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    • 4 May 2012 10:59, by Pato

      Tell this son of a bitch corrector to go back to basic economics. Even though we are 45%+ in inflation, we are survivors son! We don’t depend on bread motherfucker! Give us two years to get our pipeline going, you will be begging for a piece cockroach!

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      • 4 May 2012 11:02, by Pato

        Didn’t your so called Minister of Finance mention the fees on our oil bitch? F-you collector, I will drive that AK-45 bullet up your ass soon bitch! You know we will be coming tough on your ass asshole! fuck them washing asses Arabs and you need to kiss me shoes motherfucker, bomboclad! batty boy!

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  • 4 May 2012 11:18, by Joseph Canada

    CORRECTOR, I WANT YOU TO MARK MY WORDS. IN 2015 WHEN OUR PIPELINE HEADS TO EAST AFRICA, THIS IS WHAT WE WILL SHOW YOU AND YOUR BOYFRIEND BASHIR. ONE FUCK IN THE ASS WITHOUT OIL LUBRICATION IS EQUAL TO ONE CUP OF OIL. YOU MUST TAKE IT FAITHFULLY WITH A TRUE DOGGY STYLE, AS IF U PRAY TO MOHA!! COZ A TRUE SATISFACTION TO US MEANS GREAT FOOD FOR U.

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  • 4 May 2012 17:11, by Pif Paf

    look at all these happy insects. Lurking around for ST to give them sumthing to buzz about. Why dont u ask ST to tell u about the inflation is the south? Forget about inflation, people are starving waiting for sumugglers to bring them food from an economy with 21% inflation. You keep taking about ur dream pipeline but little do u know its already there, only its up ur insect asses !!

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    • 4 May 2012 21:22, by Ruach

      Pif Paf,Corrector/wrong doer,Jallaby,Mohamed Ali.You are too noisy!!I think u don’t even know the meaning of infliation and its impacts on your economy and your life.What a noisy people!!Just talk like your illitrate sultan called Bashir the ICC most wanted Terrorist/criminal after Bin Ladden and Mohamed now residing in the hell.

      repondre message

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