Sudan inflation eases to 14% in July

Sudan inflation eases to 14% in July


08-11-2015, 03:53 PM


  » http://sudaneseonline.com/cgi-bin/esdb/2bb.cgi?seq=msg&board=10&msg=1439308393&rn=0


Post: #1
Title: Sudan inflation eases to 14% in July
Author: Radio Dabanga
Date: 08-11-2015, 03:53 PM

04:53 PM Aug, 11 2015
Sudanese Online
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August 11 - 2015 KHARTOUM
Sudanese pounds (file photo)
Sudanese pounds (file photo)

Sudan’s inflation rate slowed to 14.1 percent in July from 18.3 percent in June, the Central Statistics Office said on Monday.

Prices soared in Sudan after South Sudan seceded in 2011, taking with it three-quarters of the country’s oil output, the main source of foreign currency used to support the Sudanese pound and to pay for food and other imports.

Fuel subsidy cuts introduced in 2013 also pushed up inflation, but their effects have since begun to ease.

The decline is due to a favourable comparison with record-high inflation during July 2014, a statement from the Central Statistics Office said on Monday.

Sudan’s inflation reached 46.8 percent in July 2014 as the price of consumer goods and services surged but the rate declined as the effect of the 2013 fuel subsidy cuts eased.

As an oil importer, Sudan is benefiting from the 50 percent fall in global oil prices since June last year.

(Reuters)



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