KHARTOUM (Reuters) - Sudan's inflation rate increased slightly to 25.7 percent in December, the Central Statistics Office said on Monday, ending a four-month stretch of slowing inflation.
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.
Fuel subsidy cuts introduced in September 2013 also pushed up inflation but their effects have since begun to ease.
The rising cost of living has caused social unrest in Sudan. Post-secession austerity measures such as the fuel subsidy cut prompted protests in which dozens were killed and hundreds injured.
Although Sudan's inflation rate remains stubbornly high, it has slowed markedly since July, when it reached 46.8 percent. It stood at 25.6 percent in November.
As an oil importer, Sudan is benefiting from the more than 50 percent slump in global oil prices since June.
Sudan plans to hold presidential and parliamentary elections in April. The ruling party says that it has pulled the economy out of a tailspin in the wake of the South's secession.
- Politics & Government
- Budget, Tax & Economy
- South Sudan
- inflation rate
- Sudan
Source http://news.yahoo.com/sudan-inflation-turns-slightly-25-7-pct-dec-080828100--business.html
Newer articles:
- South Sudan ruling party rivals sign peace deal in Tanzania - 22/01/2015 06:57
- South Sudan Government Says Rebels Torched Oil Facility - 21/01/2015 17:50
- Is South Sudan's Fractured SPLM Party Poised to Reunite? - 20/01/2015 20:02
- South Sudan president rules out stepping down from power - 20/01/2015 05:21
- S. Sudan official accuses US of “bias” over election decision - 20/01/2015 03:37
Older news items
- East Africa: South Sudan Conflict Could Cost Its Neighbours Billions - 19/01/2015 07:10
- South Sudanese rebels say peace is priority not elections - 18/01/2015 04:51
- S. Sudan electoral body sets up high committees - 18/01/2015 04:51
- South Sudan vows to go ahead with elections despite US withholding support - 17/01/2015 07:21
- South Sudan Editor Says His Paper Ordered to Close - 16/01/2015 21:32
Latest news items (all categories):
- IGAD and South Sudan Strengthen National Coordination for the Implementation of the Building Women’s Economic Resilience for Sustainable Peace Project - 03/08/2026 18:53
- South Sudan plans interoperable birth registration, digital ID systems - 03/08/2026 18:50
- South Sudan Oil & Power Returns as South Sudan’s Premier Investment Platform - 03/08/2026 18:04
- Kenya: Mudavadi meets South Sudan foreign minister as Juba gears up for landmark elections - 03/08/2026 16:52
- A Long Road Home: Jal’s Journey Through Conflict and Separation - 03/08/2026 16:41
Random articles (all categories):
- South Sudan states told to extend term in office automatically - 31/03/2015 04:44
- Proposal to change the apparent dark future of Collo - 14/04/2007 21:00
- South Sudan: Food Security Outlook, February - May 2020 - 21/03/2020 00:04
- GOSS Liaison Offices To Be Treated Like Embassies - 13/08/2008 21:35
- New South Sudan VP vows allegiance to the country - 26/08/2013 14:37
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 148269 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 27914 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 25000 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 24322 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 22279 times
