Email
Print
Save
August 9, 2012 (KHARTOUM) – Annual inflation in Sudan jumped to 41.6 percent in July from 37.2 in June due to soaring food prices, official statistics said.
Sudan has been facing rising inflation as part of an economic crisis that hit the country since it lost three quarters of its oil production, the main source of state revenues, to South Sudan when the latter seceded in July last year.
According to information published by the country’s official news agency SUNA on Tuesday, the Central Statistics Office said in its monthly bulletins that food costs made the biggest contribution to upping July’s figure by nearly five percent from last month.
Month-on-month inflation was 6.2 percent last month, SUNA reported.
The government is trying to address the crisis through tough austerity measures including termination of fuel subsidies, which recently sparked a number of protests across the country.
In the meantime, the country is hoping to mitigate its financial difficulties when it resumes exporting South Sudan’s oil via its territories by the end of August as part of a deal reached last week. The deal involves Juba paying an average of $10 per barrel and a financial assistance of $3.028 billion over three years.
(ST)
Latest Comments & Analysis
Alex de Waal: the rebirth of a principled activist? 2013-06-20 03:33:50 By Monim El-Jak June 19, 2013 - Whenever Alex de Waal publishes analysis or reflections, Sudanese intellectuals and activists, and the concerned international institutions and individuals, give (...)
On Abyei enough is enough 2013-06-18 05:01:47 By Deng Vanang June 17, 2013 - No one whether locally or internationally can still argue there is more hope to resolve Abyei stalemate peacefully. It has been everybody’s wish that dialogue could (...)
The arming of rebels in Sudan and South Sudan: what is the evidence? 2013-06-18 04:57:44 By Eric Reeves 17 June 2013 - News reporting in general, a great deal of analytic writing, and virtually all diplomatic pronouncements about military support for rebel groups—in South Sudan and (...)
MORE