Data released by the Central Bureau of Statistics showed that the inflation rate in Sudan rose by 21 percentage points to 363.14 percent at the end of April, up from 341.78 percent in March.
The agency attributed the high inflation rate to an increase in the prices of the food and beverage group, which reached 526.88 percent in April, compared to 469.83 percent in March.
The transitional government had revealed the implementation of the removal of fuel subsidies, within an amended budget approved by the Sovereign Council and the government last August, as the Sudanese government targets in the 2021 budget an inflation rate of 95 percent.
Last February, the government partially floated the local currency, which led to a rise in the dollar price of more than 375 pounds, from 55 pounds, the official rate before the float, in an effort to bridge the gap between the official rate and the parallel market rates.
And at the beginning of this week, an international conference was held in Paris to support Sudan, which resulted in commitments from donor countries and institutions worth billions of dollars, in the form of debt exemptions, grants, and new loans to help the African country pay its arrears to the International Monetary Fund.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
