Home | News    Friday 8 August 2014

July’s inflation rate in Sudan increases to 46.8%

separation
increase
decrease
separation
separation

August 7, 2014 (KHARTOUM) – Sudan’s monthly inflation rate edged upwards in the month of July to 46.8% from 45.3% in June amid sharp increases in prices of goods and services.

JPEG - 41 kb
FILE - Men wait to buy meat at the market in Khartoum, Sudan (REUTERS/Mohamed Nureldin Abdallah)

Double-digit inflation has been one of the most visible features of the Sudanese economy in recent years which suffered a shock after the secession of South Sudan which contained three quarters of oil reserves.

To makes matters worse, the government phased out subsidies twice in 2012 and 2013 on petroleum and food products triggering demonstrations that were swiftly quelled.

The Sudanese pound lost more than half its value thus making imports more expensive. The East African nation imports most of its food from abroad.

The International Monetary Fund (IMF) said in a report last month that it expects inflation in 2014 to drop sharply to 18% from 41.9% in 2013.

The markets witnessed a wave of price increases over the past month and consumers complained of a steady rise in the prices of basic commodities in conjunction with the approach of the Muslim fasting month of Ramadan.

(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


Bashir’s congratulation for Trump remains double-edged sword 2017-02-21 08:47:41 By Mahmoud A. Suleiman This is a note to the readers of this article about my use of the phrase double-edged sword. It means that Omar al-Bashir’s Speedy congratulation offer to Donald Trump (...)

South Sudan: Why ’NO’ for peace and ’YES’ for war 2017-02-20 20:45:12 By Tor Madira Machier The region and the International community has been on a campaign in a bid to end the civil war in South Sudan right after its inception in December 2013, yet the very (...)

The Nile: A source of energy, food and water for all 2017-02-20 07:19:22 By Sam Cheptoris River Nile is a trans-boundary resource shared by 11 countries in the Nile Basin, each with different and, sometimes, conflicting interests. This scarce resource is a source of (...)


MORE






Latest Press Releases


Militias of Bashir’s Regime and the Proxy War (1) 2017-02-08 21:49:09 Sudan Democracy First Group Militias of Bashir’s Regime and the Proxy War (1) War in the Blue Nile: Militias in the hunt of refugees and displaced population Introduction Throughout its rule, (...)

More refugees flee to Uganda than across Mediterranean 2017-01-25 09:15:39 January 25, 2017 Uganda welcomed more refugees last year than the total number of refugees and migrants crossing the Mediterranean into Europe. “Europe should learn from the way Uganda and other (...)

Carter Center welcomes new regulations on humanitarian affairs 2017-01-12 07:53:16 The Carter Center ATLANTA, Januarg 11, 2017 – The Carter Center welcomes the recent regulations issued by the government of Sudan aimed at facilitating humanitarian relief throughout the country (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.