Home | News    Saturday 23 March 2013

Sudan inflation rises to 46% in February

separation
increase
decrease
separation
separation

March 22, 2013 (KHARTOUM) – Sudan announced that inflation rate has risen to 46% in February compared to 43.5% in January amid expectations of continued commodity price increases in the coming days.

JPEG - 46.7 kb
FILE - A man selling eggs waits for customers at the market in Khartoum, Sudan (REUTERS/Mohamed Nureldin Abdallah)

The head of the Central Bureau of Statistics (CBoS), Yasin Haj Abdin, disclosed the figures to reporters yesterday predicting more price increases.

“We expect a rise in commodity prices, but this increase does not necessarily mean an appreciation in inflation rates because the latter could fall down to lower rates without being impacted by commodity prices" Abdin said.

The official said that this process is linked to the Trilateral Economic Program and the eight commodities subsidized by the government pointing out that regional variations in commodity consumption makes CBoS say that inflation rates does not reflect reality on the ground.

Sudan lost 75% of its oil reserves after the southern part of the country became an independent nation in July 2011 denying the north billions of dollars in revenues. Prior to the country’s breakup, Sudan produced close to 500,000 barrels but now its output is limited to 140,000 barrels per day. Oil revenue constituted more than half of the Sudan’s revenue and 90% of its exports.

The two countries are increasingly cash-strapped after Juba shut down oil output a year ago in a furious row accusing Khartoum of stealing its crude amid disagreement over transit fees.

This week the two sides signed a deal by which they order their respective oil companies to prepare for restart of oil production in landlocked South Sudan which is exported through the north’s pipelines.

Mohamed Eljack, a University of Khartoum’s Professor of economics, said that the two countries should work on “saving millions of dollars spent on armaments and war and get ready for the resumption of oil exports to fully revive the economy”.

(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.

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


Who can unlock the current impasse in Sudan? 2019-07-01 06:44:52 By Luka Biong Deng Kuol Since the eruption of the Sudanese popular uprising on 19th December 2018, the protesters have made history. Not only have they unseated one of the longest-serving (...)

Victims of Sexual Violence in Sudan Deserve Justice 2019-06-19 07:16:08 by Tchérina Jérolon, and Daisy Schmitt Today, as we commemorate the International Day for the Elimination of Sexual Violence in Conflict, we demand accountability for sexual crimes committed in (...)

Ezekiel Lol reignites political begging as a Freedom of Expression 2019-06-14 22:49:39 Gatdiet Peter Here, the question is: to what extent does a politician become a “political beggar”? A politician becomes a beggar and (re)focuses on the “politics of begging” as soon as (s)he has (...)


MORE






Latest Press Releases


Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)

Joseph Malwal Dong joined the SPLM/A -IO 2019-04-02 08:35:02 SPLM/A (IO) Press Release 1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO) The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.