Home | News    Saturday 16 May 2020

Sudan’s annual inflation rate jumps to 98% in April

separation
increase
decrease
separation
separation

May 16, 2020 (KHARTOUM) - Sudan’s annual inflation rate hit 98.81% in April, from 81.64% in March, Sudan’s Central Bureau of Statistics (CBoS) said on Saturday.

The CBoS monthly bulletin said Saturday that the inflation has increased due to the rising prices of food, drink, fuel, bread, grains, meat, legumes, milk, and sugar, in addition to the rise in the housing and transportation.

Inflation rate in urban areas has reached 86.71% in April, while it was 66.83% in March 2020.

While, the inflation in the rural areas hit 107.82% in April, while it was 93.36% in March.

The transitional government took some measures to reduce the subsidies, such as selling fuel in some stations at commercial prices. Also, the price of subsidised bread in the capital Khartoum has been doubled to 2 pounds per loaf from 1 pound.

Speaking to Sudan Tribune on Saturday, financial analyst Abdel Rahman Abu Shora, described the large jump of inflation rate as "dangerous".

He added that the declared rate is likely much lower than the real rate of inflation and expected that it will not be less than 150%.

He said that the prices of commodities increased significantly due to the recent increase in wages by 569%, pointing that the mere announcement of salary increases the rate of inflation.

He further expected the inflation rate would rise next month, at levels greater than the current situation.

(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


Sudan’s legitimate request for UN assistance: the opponents their interior motives? (2-3) 2020-06-05 12:29:45 By: Trayo A. Ali To expose and preempt the plot these opposing forces to the UN are hatching, the tricks and tactics using, the ploys they are crafting and ulterior motives they harbour and the (...)

We neither Forget nor Forgive the 3 June 2019 Massacre 2020-06-04 06:41:26 By Mahmoud A. Suleiman Today Wednesday, June 3rd 2020 comes as the great epic of redemption at the dawn of the third of June 2019, whose memory will remain immortal in the history book, (...)

The untold crisis of health system in South Sudan 2020-06-03 06:49:09 by Dr Jok Gang The South Sudanese war began in 1955 at the time when people of the region began to feel a lack of representation in the government and therefore the absence of the crucial (...)


MORE






Latest Press Releases


S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

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 (...)


MORE

Copyright © 2003-2020 SudanTribune - All rights reserved.