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Sudan's inflation rate rises to 99% as food prices soar

By NP admin | Monday, May 18, 2020
Sudan's inflation rate rises to 99% as food prices soar

Sudan’s inflation rate has risen further to 99% in April due to rising food prices, the Sudanese Central Bureau of Statistics announced on Saturday.

This rate had already risen to 82% the previous month, over one year. But rising prices for grains, meat, milk and bread have further increased inflation.

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Despite the political transition in Sudan, which raised hopes for reform following the overthrow of President Omar al-Bashir in April 2019, the country’s economy remains in the grip of a deep crisis.

Rising inflation, the scarcity of foreign currencies and the huge public debt are among the most pressing challenges in the country.

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Sudan inflation

Last month, the Sudanese authorities decided to increase the price of bread: a Sudanese pound (about 2 US cents) can only buy a 50 gram loaf, compared to a 70 gram loaf previously.

The tripling of the price of bread was the trigger for the first street demonstrations against Omar al-Bashr in December 2018. The mass demonstrations had continued for months before the army deposed the president in April after a 30 year reign.

 

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