Home | News    Saturday 19 January 2013

South Sudan’s annual inflation now at 25%

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By Julius N. Uma

January 18, 2012 (JUBA) South Sudan’s inflation fell to just 25% last month compared to the 41%, registered in the month of November 2012, the country’s National Bureau of Statistic (NBS) said it latest report.

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The decline in inflation, according to the state-owned body, resulted from a fall in food prices by 26% between December 2011 and 2012.

Prices for alcoholic beverages and tobacco, NBS said, increased by 54.1% over the same period the relevant figure for restaurants and hotels was an increase of 18.8%.

Land locked South Sudan, heavily relies on food imported from neighboring countries, due to its largely underdeveloped agricultural sector. Currently, only 4% of agricultural land in the country is reportedly utilised, yet the sector accounts for over 80% of rural household economies.

Early last year, however, the young nation shut down its oil production after a dispute with Sudan over transit fees, leaving its economy, which depended on oil, hinged on revenues from non-oil resources.

In May 2012, inflation in the young nation hit the 80% mark, with analysts attributing it to scarcity of fuel and hard currencies worsened by the north-south border impasse.

Meanwhile, South Sudan Consumer Price Index (CPI) reportedly decreased by 10.6% from November 2012 to December 2012, with the decrease mainly attributed to decline in food prices.

“The CPI decreased in Malakal [Upper Nile] by 14.7%, 12.8% in Juba [South Sudan capital] and increase by 1.5% in Wau [Western Bahr el Ghazal],” partly reads 7 January release from NBS.

On the other hand, consumer price inflation, reportedly increased by 26.1% in Malakal, 21.2%in Juba and 16.4% in Wau from December 2011 to December 2012.

The CPI, according to the statistical bureau, is an index, which tracks the price of a representative basket of goods and services consumed by households in South Sudan, with the composition of the goods and services in the basket reflects consumption of the average household in South Sudan.

However, the change in the CPI over time, it argues, indicates how much more expensive it is for the average household to continue consuming the same basket of goods and services.

(ST)

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  • 19 January 2013 11:26, by Majongdit

    There we are! Let Jalaby now tell us his story.

    repondre message

    • 19 January 2013 11:55, by Darkangel

      You blind idiots. you actually believe this story. ST does ! Tell me how. With no income, importing everything and no food productions with reports of floods and infestation. How ? When developed countries inflation going up, growth in China slowing. South Sudan inflation going down by 50% in 2 months looool. What do you take us for idiots; Sudantribune - no Q? asked or scrutiny except for Sudan !

      repondre message

    • 14 May 2013 06:51, by ashsex1g

      I have been researching this subject for a few days now for a report I am writing. Your post has been very helpful in this regard. Thanks for another great post.
      burnaby recycling

      repondre message

  • 19 January 2013 11:32, by Tutbol

    These corporatists assessments don’t ring any bells on the fringes of our ten states’ masses. Our leaders shouldn’t think just because they are leading, means we are all our own masters. Our currrent S Sudanese leaders are becoming so smug like their African counter.parts & we may wake up one day that, Europeans are our lands just like they will be doing in mali. Kiir a great fool.

    repondre message

    • 19 January 2013 11:52, by Nuer Empire

      1US Dollar=2.4SSP in South Sudan.In the hell north Sudan!We overcome everything without oil

      repondre message

      • 19 January 2013 11:57, by Darkangel

        The only way this could be true if more of your people are relying of freebees from the UN. Feeding you people. Or so many of you died due to hunger that demand for food is dropping !
        LoooooL
        Government with no income or policy suddenly drops inflation. Finance Minister should work for the IMF or World Bank, if he can read !! loool

        repondre message

        • 19 January 2013 14:17, by Marco A. Wek

          Retarded Dark Devil of Mohamedism, South Sudanese people have God given fertile soil and they cultivated widely last year and they got very good harvest. Got it retard Jalabi?

          repondre message

        • 20 January 2013 00:25, by mohamed mahgoub

          Why u care? Better focus on our problems down here in our Shit-hole called Sudan .....

          repondre message

  • 19 January 2013 16:38, by master
    • 19 January 2013 17:42, by zulu

      Lucifer and Sweet Pussy mistress,
      Believe it. The fall in the inflation is attributed to increased in domestic production, as consumers have largely resolved to local purchases. South Sudan is not a desert. Its arable land is a lucrative enterprise. You can basically grow even a nail in South Sudan. Dont let amnesia buffle you. We have no sancstions imposed on us visa vis your country

      repondre message

    • 19 January 2013 17:42, by zulu

      Lucifer and Sweet Pussy mistress,
      Believe it. The fall in the inflation is attributed to increased in domestic production, as consumers have largely resolved to local purchases. South Sudan is not a desert. Its arable land is a lucrative enterprise. You can basically grow even a nail in South Sudan. Dont let amnesia buffle you. We have no sancstions imposed on us visa vis your country

      repondre message

    • 20 January 2013 06:13, by Observer

      Dark Angel and Master,
      But if the STribune reports that our inflation has fallen from the near 50% it was in December to 25% you will come on here and gloat about how good our country is doing.
      I don;t want to give you an economics lesson on what causes inflation so go google it for yourself and them you might understand what is happening in S Sudan.

      repondre message

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