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Sudan’s annual inflation rises to 41.6 in July

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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.

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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)

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  • 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.

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    • 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!

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    • 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!

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      • 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!

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  • 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

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    • 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.

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      • 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

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        • 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.

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    • 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.

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