Home | News    Wednesday 14 June 2017

Sudan’s inflation rises for thirteenth consecutive month

separation
increase
decrease
separation
separation

June 13, 2017 (KHARTOUM) - Sudan’s Central Bureau of Statistics (CBoS) on Monday reported that inflation has increased to 35,52 % in May from 34,81 in April.

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 monthly bulletin, the consumer price index in May reached 758.46 points, up 20.48 points from April while the general food and beverage price index rose by 34.82 points in May.

The CBoS added that the food and beverage group contributed to the overall price rise by % 59.40, while the other 11 goods and service groups contributed % 40.59, saying the general price index in the rural areas has increased by 39,18 points.

Last month, Sudan’s finance minister said inflation rate has jumped to 33,7% in the first quarter of 2017, compared to 12.3% for the same period last year, an increase of more than 260%.

He attributed the increase in inflation rate to the impact of the fiscal policy reforms implemented by the government at the end of last year.

In November 2016, Sudanese government lifted fuel subsidies and increased electricity price in a bid to control a surge in inflation and stop the fall of Sudanese pound in the black market.

According to the 2017 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.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Mobil roundabout’s another victim after CE & Juba market 2017-07-23 23:32:28 By Deng Kiir Akok I was a bit late to arrive at London Cafeteria in Atlabara, Tumbura road where a friend of mine invited me for lunch last Thursday, Jul 20, 2017. On my way to the cafeteria, I (...)

Why I believe Halayeb Triangle is an Egyptian territory 2017-07-18 22:10:00 By Tor Madira Machier Since the exit of the Anglo-Egyptian colonisation of Sudan, Egypt’s Halayeb Triangle has been a subject of false ownership claim by the Khartoum successive regimes. In fact, (...)

South Sudan Media: An endangered landscape 2017-07-18 21:56:11 By Tor Madira Machier With the disappearance of some websites from South Sudan’s radars on Monday, the news exaggerates fears of government’s advance on media strongholds in the country. What is (...)


MORE






Latest Press Releases


HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)

Statement by South Sudanese Communist Party on the National Dialoguel 2017-03-22 05:44:42 The Communist Party of South Sudan On the Initiative of the National Dialogue The initiative taken by the President of the Republic of South Sudan declaring a need for a national dialogue is an (...)

An Appeal to President of the Republic of South Sudan 2017-03-15 07:22:45 Dear. Mr. President, I write to appeal to you for the release of political detainees now in the custody of the National Security Service at Jebel and other detention facilities. In doing this, I (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.