KHARTOUM, Nov 12 (Reuters) - Sudan's inflation rate declined for a third consecutive month in October, slowing to 28.2 percent from 39.2 percent in September, the Central Statistics Office said on Wednesday, as the effect of fuel subsidy cuts introduced last year eased.
Prices 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 the foreign currency used to support the Sudanese pound and to pay for food and other imports.
The rising cost of living has caused social discontent.
Austerity measures and subsidy cuts prompted protests last year in which dozens were killed and hundreds were injured.
"Last year, when the government introduced economic measures to remove fuel subsidies, inflation rose from 27 percent in September to 40 percent in October as a result of this shock," Al-Alim Abdel Ghani, a senior statistics official, told Reuters.
"In recent months, the economy has begun to absorb this shock," Ghani added.
(Reporting by Khalid Abdelaziz, Writing by Lin Noueihed, Editing by Gareth Jones)
- Politics & Government
- Budget, Tax & Economy
- South Sudan
- Sudan
- inflation rate
Source http://finance.yahoo.com/news/sudan-inflation-slows-effects-fuel-155158550.html
Newer articles:
- South Africa v Sudan - 14/11/2014 16:43
- Sudan warplanes bomb South Sudan border zones: reports - 14/11/2014 10:21
- Six Injured in Bombing Raid on South Sudan Village - 13/11/2014 19:47
- South Africa v Sudan: Meyiwa memory to inspire hosts - 13/11/2014 15:23
- Sudan meets with rebels amid 'urgent' ceasefire plea - 12/11/2014 16:23
Older news items
- South Sudans next generation in a hurry to fight - 12/11/2014 12:13
- Praise for S. Sudan's new ambassador to China - 12/11/2014 06:21
- South Sudan civil society warns bill a threat to national security - 12/11/2014 05:51
- South Sudan: Fresh Fighting Despite Ceasefire - 11/11/2014 07:55
- South Sudan's latest ceasefire is already broken; 29 die in new fighting - 10/11/2014 17:53
Latest news items (all categories):
- The Emerging Endgame of the Russo-Ukrainian War - 05/08/2026 22:59
- The changing face of “Made in China” - 05/08/2026 22:41
- UK - Change of His Majesty’s Ambassador to South Sudan: Rebecca Fabrizi - 05/08/2026 22:09
- South Sudan rewriting its future with eyes on agriculture and mining boom - 05/08/2026 21:53
- Moroccan king's letter confirms naming of major highway in honour of Trump - 05/08/2026 21:52
Random articles (all categories):
- U.N. slams South Sudan president for impeding civilian protection - 17/06/2015 15:03
- Army retakes key South Sudan town - 18/01/2014 14:23
- South Sudan: Strife-Torn South Sudan Faces Major Food and Nutrition Crisis, UN Warns - 05/02/2014 20:46
- Sudan: Streets of South Darfur Capital 'Littered With UXO/ERW' - 15/09/2023 03:48
- Sudan: Public Support for the RSF From Seven Tribal Leaders in South Darfur - 05/07/2023 01:29
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 148332 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 27920 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 25004 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 24330 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 22286 times