Inflation PHOTO: Shutterstock
Sudan’s inflation rate has soared above 300 percent, officials said Monday, posing a major challenge for a newly-appointed government tasked with tackling an economic crisis that has triggered recent protests.
“The annual inflation rate reached 304.3 percent in January, compared to 269.3 percent in December,” the Central Bureau of Statistics said in a statement, attributing the rise to price hikes including on food.
Protests have flared in recent weeks in several parts of Sudan over skyrocketing costs of living.
Sudanese authorities have blamed the sometimes violent demonstrations on supporters of ousted president Omar al-Bashir, who was toppled in April 2019 following mass youth-led protests triggered mainly by economic hardship.
Last week, Sudan swore in a new inclusive cabinet with the aim of rebuilding the country’s economy, which was decimated by decades of US sanctions, mismanagement and civil war under Bashir.
The new government appointments included veteran rebel leader and economist Gibril Ibrahim as Sudan’s finance minister.
Sudan has been undergoing a rocky transition since Bashir’s ouster.
It has been struggling with a severe economic crisis characterised by a galloping inflation, chronic hard currency shortage, and a volatile black market.
The crisis has been exacerbated further by the Covid-19 pandemic.
The government hopes Sudan’s recent removal from the US blacklist as state sponsors of terrorism would allow for debt relief and bring in much-needed foreign investment.
Last month, the government said it hopes to bring inflation down to 95 percent by the end of the year.
257320 493223Quite intriguing topic , thanks for putting up. 727479
51344 965223quite nice put up, i in fact really like this web site, maintain on it 553318
159649 159073Hey there! Great stuff, do keep us posted when you lastly post something like that! 551233
239623 116462For anybody who is considering about external complications, sometimes be tough amaze those to realize to produce just a single weed in this very flowing usually requires eleven liters concerning gasoline to. dc free of charge mommy blog giveaways family trip home gardening home power wash baby laundry detergent 343387
399211 16106I added this article to my favorites and program to return to digest a lot more soon. Its simple to read and realize as properly as intelligent. I truly enjoyed my first read through of this article. 498544
314371 424776I like this website quite significantly, Its a really good situation to read and get info . 988286
… [Trackback]
[…] There you can find 2223 additional Info on that Topic: famousreporters.com/sudan-inflation-tops-300-as-economic-crisis-deepens/ […]
822613 96080Its superb as your other posts : D, regards for posting . 985600
414927 212647so facebook recommended me the pages food and eating ,,, yeah Im obese|HasmAttack| 847404
… [Trackback]
[…] Find More here on that Topic: famousreporters.com/sudan-inflation-tops-300-as-economic-crisis-deepens/ […]