Sudan's annual inflation rate jumped to 29.49 percent in November on rising prices of food items and utilities after a cut in fuel subsidies, official data showed Wednesday. The November inflation rate was up nearly 10 percentage points from 19.6 percent for October, the Central Statistics Office said in a statement.
"The rate of inflation in November rose to 29.49 percent from 19.6 percent in October," it said. "This is because of a rise in prices of food items, electricity and transportation." Prices have steadily climbed in Sudan since South Sudan seceded in 2011, but the surge in November is one of the highest in recent years after the authorities raised fuel prices by 30 percent.
The hike in petrol and diesel prices announced in November has led to an across-the-board rise in prices, including that of medicines. Groups of protesters have staged sporadic demonstrations against price rises, but anti-riot policemen have swiftly dispersed them.
Opposition groups and activists have called for a "sit-at-home" strike on November 19 to protest the price increases. The loss of nearly 75 percent of oil earnings following the north-south split in 2011 has pushed prices steadily higher over the years, and also adversely impacted Sudan's key source of foreign currency used for purchasing food and other imports.
That in turn has hit the Sudanese pound. The pound is currently trading at about 18.50 to the dollar on the black market, although the official rate is 6.50. Sudan's economy has also been damaged by US trade sanctions since 1997, which have made international banking transactions cumbersome. Washington imposed a trade embargo on Sudan in 1997 over Khartoum's alleged backing for radical Islamist groups and over the conflict in the western region of Darfur.
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