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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.

 

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