60605
Sudan Inflation Rises to 32.8%
Sudan Inflation Rises to 32.8%

Sudan Inflation Rises to 32.8%

Sudan Inflation Rises to 32.8%

Sudan’s annual rate of inflation rose to 32.86% in January from 30.47% the previous month, driven by the rising cost of transport and consumer goods and services, the Central Statistics Office said on Tuesday, Reuters reported. Sudan’s economy has deteriorated since the south seceded in 2011, taking with it three-quarters of the country’s oil output, its main source of foreign currency and government income. With revenue dwindling, the government announced cuts to fuel and electricity subsidies in early November. That saw petrol prices rise about 30%, pushing up transport costs and feeding through to inflation.

 

Short URL : https://goo.gl/U0c8L7
  1. https://goo.gl/4k3TnG
  • https://goo.gl/q35us7
  • https://goo.gl/sGmydC
  • https://goo.gl/XIzae9
  • https://goo.gl/XMesEg

You can also read ...

Venezuela Devalues Currency by 95 Percent
Venezuela devalued its currency by about 95% ahead of the Aug...
The average annual salary for K–12 public-school teachers is roughly $58,000, and they typically spend a sizable chunk  of that on classroom supplies integral to their jobs
Airbnb, the popular platform that lets people rent out their...
S&P, Moody’s Lower Turkey Ratings
Two major global ratings agencies lowered Turkey’s ratings Aug...
Nigeria CB Reports $91b FX Inflow in 2017
The Central Bank of Nigeria, said the aggregate foreign...
Russia’s largest electronics chain, M. Video, estimates that about a fifth of its products are bought with credit  or on installment plans as people are more confident about the future.
Russian consumers are borrowing like the boom times are back...
Argentina Says Poverty to Rise as Economy Slumps
More Argentines are likely living in poverty now compared with...
Egypt Keeps Rates Steady
Egypt’s central bank left its main interest rates unchanged,...
China Internet Stocks Fumble
A steep downturn in heavyweight Chinese internet stocks and...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus