Sudan inflation rate rises to 14.31 percent in June

Comments (0) Africa, Business, Latest Updates from Reuters

By

(Reuters) – Sudan’s annual inflation rate rose to 14.31 percent in June from 13.98 percent in May, on the back of a sharp rise in the prices of consumer goods and services, Sudan’s Central Statistics Office said on Tuesday.

Prices soared in Sudan after 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 and to pay for food and other imports.

In December, the Sudanese pound fell to 11.6 pounds to the dollar, its lowest rate on the parallel market since 2011, currency traders said, as the official banking system struggled to supply the dollars needed to buy imports.

 

 

(Reporting by Khalid Abdelaziz; Writing by Ola Noureldin)

Leave a Reply

Your email address will not be published.