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


Holding accountable those enabling genocide in Sudan 2016-12-05 05:30:49 Eric Reeves As grim genocide by attrition in Darfur is set to enter its fifteenth year, as Khartoum’s claim of a purely nominal “cease-fire” in South Kordofan is belied by repeated reports of Sudan (...)

Sudan’s Civil Disobedience, a model for political change 2016-12-04 05:23:21 by Mahmoud A. Suleiman According to Gene Sharp of Albert Einstein Institution in his masterpiece book from Dictatorship to Democracy, he quoted Civil Disobedience among the 198 Methods of (...)

Sudan’s Civil Disobedience: Africa’s latest "Hashtag Revolution"? 2016-11-30 06:14:21 by Suliman Baldo November 29, 2016 “Because of the nature of the dictatorship we are under, you are forced to embrace the use of social media, . . . It’s not secure to try and use the tactics (...)


MORE






Latest Press Releases


Conspiracy, rumour mongering and power struggle behind alleged case of corruption in president’s office 2016-12-05 05:36:45 FOR IMMEDIATE RELEASE 4 December, 2016 Legal Watch Associates South Sudan has been following up the alleged case of corruption in the Office of the Pesident. The case involved 16 people from (...)

Amnesty urges to investigate chemical weapons Sudan’s Jebel Marra 2016-10-12 12:52:01 Sudan: International chemical weapons investigation urgently needed into horrific Jebel Marra attacksAMNESTY INTERNATIONAL NEWSFLASH 11 October 2016 Sudan: International chemical weapons (...)

UNAMID JSR’s statement read to the media on peace in Darfur 2016-10-10 20:57:56 African Union United Nations Mission in Darfur Though the region of Darfur is relatively peaceful at this time, a small portion of Jebel Marra within Darfur continues to be intermittently (...)


MORE

Copyright © 2003-2016 SudanTribune - All rights reserved.