Home | News    Friday 10 August 2012

Sudan’s annual inflation rises to 41.6 in July

separation
increase
decrease
separation
separation

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.

JPEG - 26.5 kb

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)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 10 August 2012 06:31, by Madina Tonj

    This is why Bashir and his guilty party NCP are very much interesting to get any deal with New Sudan which is South Sudan nation in another name. I do think the inflation in North Sudan nation’s economic would absolutely go higher to 60% and richest of Northern Sudanese has begun decline no one will deny that and soon or later, they will find poverty on their doors waiting them.

    repondre message

    • 10 August 2012 08:12, by Hardball

      If the deal is already made between Khartoum and Juba, why “HOPE” South Sudan is going to pay $ 10.00 per barrel transit fee and assistance of $ 3 billion? What happened to $ 28.00, $ 25.00 and all the loads of junks transit fees? Don’t believe anything until you see money in your central Bank!

      repondre message

    • 10 August 2012 11:12, by mohammed ali

      The opposite is true! Inflation in SS is double that of Sudan. More than 50% of the population are suffering from famine, hunger & starvation.The world bank is expecting SS economy to totally collapse by September.This why Americans put tremendous pressure on the thieves to save the poor & starving pple of SS!

      repondre message

      • 10 August 2012 11:19, by mohammed ali

        con: Still that wont save the " American rescue plan", because it will take months to start oil flowing again.As the world bank report , the ignorant thieves don’t understand or comperhend the conseuencies of shuting down the oil production.It is the only life line to SS!

        repondre message

  • 10 August 2012 07:20, by mohamed mahgoub

    We have two problems here ST is not reliable news source and sudanese economy is very primitve (a mafia style run economy) however if we aply a scientific economic methods of analysis the inflationwuold be several hundred % remember we overnight change the currency making 1000 note equal to 1 point to lessen the impact of inflation on pple minds

    repondre message

    • 10 August 2012 09:01, by hellonearth

      AH!! JUST SHUT UP MAN, AS I SAID AGES AGO SUDAN NEEDS SOUTH SUDAN BUT SOUTH SUDAN DOESN’T NEED SUDAN. YOU CAN CLEARLY SEE THIS.

      repondre message

      • 10 August 2012 13:58, by Northern Sudanese

        hellonearth
        are you mad?
        without us your economy will totally collapse as the world bank said! + all your development projects are on hold, you know that very well! we don’t need south sudan, we just want its oil and we won’t get the oil but we will get those petro dollars, you will now lose $12bln as machar said .
        .
        without you we are only gonna suffer inflation for the next 2 years

        repondre message

        • 10 August 2012 15:29, by South South

          Why are you crying about oil deal with South Sudan ? Is that alone not enough to tell the world that Sudan is struggling everyday and without South Sudan US dollar will 10 Sudanese Pound by the end of this year. Poor penguins.

          repondre message

    • 10 August 2012 10:16, by zulu

      IT IS OBVIOUS MAHGOUB THAT SUDAN’S ECONOMY IS PRIMITIVE, SO IS SOUTH SUDAN’S. A STANDARD ECONOMIC INDICATOR CANNOT THERE FORE BE APPLIED ON BOTH. HOWEVER, I STILL BELIEVE THAT THE INFLATION IS FAR WORST THAN MENTIONED IN ST. THE POINT IN QUESTION IS THE SWIFT AGREEMENT TO A LOWER TRANSIT FEE BY SUDAN. IT WAS REALLY FACING PREASURE FOR IMPORTS WITH HARD CURRENCY.

      repondre message

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Uganda’s military intervention in South Sudan under international law 2014-04-19 09:37:28 Is there foreign policy principle justifying Uganda’s military intervention in South Sudan civil war and under whose authority could the exercise be carried out? By Kuajien Lual Wechtuor April (...)

Al-Bashir’s decree fell short of Sudan’s demands 2014-04-17 09:57:38 By Mahmoud A. Suleiman Ampril 16, 2014 - This article comes against the backdrop of the Decree number 158 of 2014 passed by the National Congress Party (NCP) president Marshal Omer Hassan Ahmed (...)

Why hiring a lawyer if you can buy a judge 2014-04-17 09:11:43 By Dong Samuel Luak April 16, 2014 - Many people in South Sudan are asking, how long did it take President Salva Kiir to plan all this tragedy befalling our young country now? Recruitment, (...)


MORE




VIDEOS



Latest Press Releases


UNICEF supports emergency response for children in Sudan with 89 tons of life-saving supplies 2014-04-19 09:47:06 Khartoum, 18 April 2014 --- Today in Khartoum airport, UNICEF received 89 tons of life-saving supplies to support the humanitarian response to children affected by emergencies in various hot (...)

Letter to the South Sudanese government on the ratification of the African Charter 2014-04-16 06:24:18 Letter to the Government of South Sudan on the ratification of the African Charter H.E. Salva Kiir Mayardit President of the Republic of South Sudan Juba, South Sudan CC: Dr. Barnaba Benjamin (...)

In Sudan, at least 26,000 primary school children risk repeating an entire school year 2014-03-21 08:42:00 UNICEF SUDAN PRESS RELEASE In Sudan, at least 26,000 primary school children risk repeating an entire school year Khartoum, 20 March 2014 --- Primary school-aged children in Sudan are in (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.