Home | News    Friday 16 December 2016

Sudan inflation driven to highest in more than two years

separation
increase
decrease
separation
separation

December 15, 2106 (KHARTOUM) - Sudan’s Central Bureau of Statistics (CBoS) on Wednesday reported that inflation jumped in November to the highest level in more than two years.

JPEG - 38 kb
A Sudanese woman shops for Ramadan at a market in the Sudanese capital, Khartoum, on 8 July 2013 (Photo: AP/Abd Raouf)

According to the CBoS’s monthly bulletin, inflation accelerated to 29,49% in November from 19 % in October.

It pointed out that the rise in inflation rate was accompanied by significant increase in the general price level. Price rises were particularly pronounced for foodstuffs and transportation.

It is noteworthy that the East African nation imports most of its food and medicines.
Sudan’s economy was hit hard since the southern part of the country declared independence in July 2011, taking with it about 75% of the country’s oil output.

Earlier in November, Central Bank of Sudan introduced an incentive policy, increasing the exchange rate in commercial banks by 131%. As a result, the U.S. dollar exchange rate went up in banks to 15.8 SDG from the official rate of 6.5 SDG.

Following the central bank’s decision, the dollar exchange rate registered a new record as the Sudanese pound declined to 19.00 per dollar in the black market.

Also, the government lifted fuel, electricity and drug subsidy in a bid to stop the surge in inflation and control the fall of Sudanese pound in the black market.

The government decision stirred up protests and general strikes across the Sudan.

(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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Peacekeeping faces challenges: here’s how we can meet them 2018-09-23 11:47:05 By Jean-Pierre Lacroix* United Nations peacekeeping remains one of the most effective tools to respond to today’s challenges of global peace and security. Every day, women and men who serve under (...)

Pragmatic patriarchy of Sudan over South Sudan 2018-09-22 09:28:17 James Okuk, PhD “We honour the human capacity to manage our collective lives with peace and even, at times, dignity” – Barbour & Wright The political process of Sudan and South Sudan has (...)

Salient features of South Sudan latest peace deal 2018-09-21 05:36:06 By Roger Alfred Yoron Modi Last week, the government of South Sudan under President Salva Kiir, various armed and unarmed opposition groups and other parties, including the SPLM/A-IO led by Dr (...)


MORE






Latest Press Releases


Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.