Sudan’s March inflation up to 34.68% from 33.53% in February

3

Sudan’s annual headline inflation rose to 34.68% in March from 33.53 % in February. Latest data from the statistics office indicates that food and energy prices kept rising after subsidies were cut in early November. Sudan’s economy has deteriorated since the south seceded in 2011. It took three-quarters of the country’s oil reserves, and with it, a key source of foreign currency earnings and government income. With revenue dwindling, the government announced cuts to fuel and electricity subsidies in early November. That saw petrol prices rise about 30%, pushing up transport costs and fuelling inflation.

Subscribe to us on YouTube:

Follow us on:

Facebook:
Twitter:

source

SHARE

LEAVE A REPLY