Title: Sudan’s inflation rate increases to 25.7 per cent in December
Author: SudaneseOnline News
Date: 01-19-2015, 05:51 PM
Jan 19, 2015-Khartoum-SudaneseOnline-Sudan’s Central Statistics Office revealed on Monday that the country’s inflation rate increased slightly to 25.7 per cent in December 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.
The Sudanese pound lost more than half its value thus making imports more expensive. The East African nation imports most of its food from abroad.
The International Monetary Fund (IMF) said in a report last month that it expects inflation to “continue its downward trend thus bringing consumer price inflation down to single digits”.
“Twelve-month inflation fell to 35.7 percent at end March, from 41.9 percent at end-December 2013, mainly reflecting lower food prices,” it said.