By Toby Collins
September 12, 2011 (LONDON) – The cost of living in South Sudan is rising sharply with a recent hike in the price of common consumer goods.
- Juba Market (Getty)
The Consumer Price Index (CPI), which is used to measure the changes in the cost of goods and services for households, increased by 9% between July and August 2011 according to a South Sudan National Bureau of Statistics report released on 9 September.
This is South Sudan’s second CPI index, since it became an independent country in July 2011.
Unexpected rises in CPI, which is also used to calculate inflation, can lead to falling bond prices, rising interest rates, and increased market volatility.
During the same period the price of food and non-alcoholic beverages rose by 5.5%; alcohol and tobacco increased by 38.9%; while transportation costs dropped by 20.3%.
The samples for the survey were taken in the South Sudan capital Juba, and the other major urban areas of Wau and Malakal.
South Sudan president Salva Kiir accused Khartoum this month of blocking border trade leading to food shortages and sharp price increases.