Home | News    Monday 24 December 2012

South Sudan’s annual inflation drops to 41%

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By Julius N. Uma

December 23, 2012 (JUBA) - South Sudan’s annual inflation for November stood at just 41%, while its Consumer Price Index (CPI) increased by 19%, the National Bureau of Statistics (NBS) said.

However, while annual inflation in Juba, the South Sudan capital was 44.6%, that in Malakal (Upper Nile state) and Wau (Western Bahr el Ghazal) reportedly remained at 53.5% and 5.9% respectively.

Between October and November, the CPI, according to NBS increased by 13.8% in Malakal, 4.7% in Wau and by 18.2% in Juba, while prices of food and non-alcoholic beverages reportedly increased in Juba, Wau and Malakal by 32.5%, 12.6% and 1.5% respectively.

“The CPI increase was mainly driven by higher food prices,” partly reads a statement from the statistical body.

The increases in price of food and non-alcoholic beverages, the statement adds, was mainly driven by increases in fruits whose prices reportedly increase by 191.4%.

“The high increase was caused by reintroduction of seasonal products in the market,” it says.

Inflation in South Sudan, whose economy heavily relies on oil revenues, surged to nearly 80% in May this year, with analysts attributing the rise to fuel scarcity, shortage of hard currency and the north-south border closure.

South Sudan used to produce up to 350,000 barrels of oil per day, but a dispute over transit fees for its crude oil with Khartoum prompted the young nation shut down its oil production in January.

Oil revenues used to account for nearly 98% of South Sudan annual budget.

(ST)

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  • 24 December 2012 10:47, by hellonearth

    THIS IS GOING TO KILL ALL THE FAKE ARABS THAT ARE NOT HAVING GOOD INTENTIONS TOWARDS SOUTH SUDAN. THE PROMISED LAND, JALABY NORTHERN SUDANESE, KURNYEL AND LIKES
    ENJOY YOUR POOR COUNTRY THATS DISINTEGRATING.

    repondre message

    • 25 December 2012 19:47, by Northern Sudanese

      hellonearth
      loool you hilarious!!!
      which country has the worst health crisis in the world?
      which country has more than halve its people depending on food aid?
      which country has barely got electricity,roads,schools, hospitals ect....?
      which country has over 90% of its people in poverty?
      ect.....
      and you got the mentality to call sudan poor and south sudan rich? lol, you need urgent medical help!

      repondre message

    • 25 December 2012 19:51, by Northern Sudanese

      hellonearth
      what was the last great accomplished project in south sudan? did you even have any great project since 2011??? the answer is ’’NO’’ you haven’t improved anything in south sudan, only paved some small roads!
      Sudan has built the longest dam in the world, the largest sugar factory in the continent , the 2nd gold refinery in the continent, extra roads linking to Darfur ect....
      wbu?

      repondre message

  • 24 December 2012 16:17, by OurLand

    For your information: this means that unless you now earn 41% more than last year, you really have less to spend. Also if you have saved 100 pound today, it will be worth only 59 pound in one year

    repondre message

  • 25 December 2012 19:05, by Nguetbuny de Luelpiny

    1. Army food Factories
    2. Police food factories
    3. Private Food factories
    We have land, rains, river water for irrigation for all season. Inflation is cause due to laziness of ours people from the top GOSS officials to Army who officers. Army, Federal,Business food processor are needed to be created by Groups,individual business across ten states of south Sudan. inflation will be gone in south

    repondre message

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  • 14 June 2013 13:42, by smithcurt

    I’d ought to seek advice from you here. Which is not something I normally do! I love reading a article that will get people to think. Also, many thanks for allowing me to comment!
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