The annual inflation growth in the Sudanese market slowed to 87.32 percent last December, down from 88.83 percent in the previous November.
According to a statement issued by the Central Bureau of Statistics in Sudan, this decline came amid the continuation of the pattern of price decline after consumer prices recorded levels above 300 percent. The decline in inflation came to 87.32 percent, driven by a decline in the prices of the consumer and service goods group and the food and beverage group, which recorded 65.43 percent in December, compared to 69.25 percent in November. The prices of other groups such as transportation, culture, housing, and other secondary groups also declined. Inflation rates in Sudan are still at levels among the highest in the world, due to complex problems, linked to the decline in the price of the Sudanese pound to an average of 570 pounds from 375 pounds when the currency floated in March 2021. The country is also witnessing fluctuations in the abundance of foreign exchange, which raises the cost of import and bears the final consumer the exchange rate differences, in addition to the rise in global prices, especially fuel and food.
Source (Anadolu Agency, Edited)
