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):
- The power struggles among South Sudan’s political leaders are the direct cause of its ongoing conflict - 11/07/2026 14:03
- Celebrating Independence In The Midst Of Sorrow - 11/07/2026 13:41
- South Sudan resumes oil-backed financing - 11/07/2026 13:33
- Press statement: Strive For National Unity In Honor Of South Sudan's Independence - 10/07/2026 21:23
- Fifteen years of independence for South Sudan, but still little to celebrate - 10/07/2026 21:23
Random articles (all categories):
- South Sudan developing national defence guidelines to promote investment - 06/06/2013 22:48
- South Sudan to host 2019 international fixtures in Uganda - 28/01/2019 02:20
- Ethiopia in action: 186 fraud suspects identified - 16/06/2023 00:56
- 'High numbers' killed, wounded in S.Sudan unrest: UN - 21/10/2013 16:07
- World pressures South Sudan to end civil war by Sept. 1 (+video) - 19/08/2015 23:31
Popular articles:
- Who is the darkest person in the world, according to Guinness World Record? - 25/10/2022 02:34 - Read 147763 times
- School exam results in South Sudan show decline - 01/04/2012 17:58 - Read 27842 times
- Top 10 weakest currency exchange rates in Africa in 2023 - 19/07/2023 00:24 - Read 24933 times
- No oil in troubled waters - 25/03/2014 15:02 - Read 24253 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 01:44 - Read 22162 times
