Title: Sudan’s inflation rate increases slightly in March
Author: SudaneseOnline News
Date: 04-08-2015, 04:42 PM
03:42 PM Apr, 08 2015
SudaneseOnline News-Khartoum Sudan
My Library at SudaneseOnline
Sudan’s inflation rate increased slightly in last March with (23.2%) compare with (23.0%) in February 2015.
The monthly bulletin issued by Sudan’s Central Bureau of Statistics (CBoS) on Tuesday said that prices of consumer and services goods during the month of March 2015 recorded (480.7) points compare to (474.7) points in February 2015.
The bulletin pointed out that the price index for food and beverages during the month of March rose by (8.9) points, where they registered (477.3) points, compared to (468.4) points in February, indicating that this group contributed to the rise in the general price level of the month March by (4.7) points with an average of (78%).
The double-digit inflation rate has been one of the most visible features of Sudan’s economic crisis since losing the oil-rich south in 2011.
Sudan’s mammoth $43 billion external debt and US sanctions have limited its access to borrowing that would have helped it plug its budget deficit and contain an erosion in the value of the local currency.
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