Home | News    Monday 17 April 2017

Sudan’s inflation continues to rise for eleventh straight month

separation
increase
decrease
separation
separation

A vendor sells eggs at a local market in north Khartoum on August 3, 2012. (Reuters Photo)

April 16, 2017 (KHARTOUM) - Sudan’s Central Bureau of Statistics (CBoS) on Sunday reported that inflation jumped to 34,68 in March from 33,53% in February due to continued increase in food and energy prices.

In November 2016, the government lifted fuel, electricity and drug subsidy for the third time since 2011 in a bid to stop the surge in inflation and control the fall of Sudanese pound in the black market.

Also, 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.

Projected deficit in Sudan’s 2017 budget is estimated at 2,1% of the Gross Domestic Product (GDP) compared to 1,6% in 2016.

According to the budget, the growth rate would decline from 6,4% in 2016 to 5,3% and the targeted average inflation rate is 17%.

Prices and services have soared in Sudan since South Sudan seceded in 2011, taking with it three-quarters of the country’s oil output, the main source of foreign currency used to support the Sudanese pound.

The Sudanese pound has lost 100% of its value since South Sudan’s secession, pushing inflation rates to record levels given that country imports most of its food.
Ordinary citizens continue to complain from cost of living increases that impaired their access to basic commodities.

(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


Reflections on the SPLM-Ns 2017-10-18 20:15:33 By Mohamed Yassin It is sad, weird and ugly that some comrades reduced the vision of the SPLM to the SPLM-N standing for North, as a compromise. Its adaptation, it was bitterly adopted in an (...)

Do we have leaders in South Sudan or murderers? 2017-10-15 04:13:20 By Peter Gai Manyuon According to different scholars globally, leadership style is the way a person uses power to lead other people. More so, scholars have also identified a variety of (...)

Accountability, National Dialogue, and Elections: Which one of them comes first? 2017-10-12 21:51:17 By Dr Lako Jada Kwajok Conflicts or wars are the offspring of failures to have constructive dialogues in resolving problems between parties. The parties could range from countries, groups of (...)


MORE






Latest Press Releases


Reactions to government agencies’ conspiracy against Greater Bor community 2017-10-08 07:54:31 October 7, 2017 A monkey business or a donkey business in the government of the republic of South Sudan against the citizens is unacceptable. Therefore, we as youth of Greater Bor in diaspora (...)

Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.