BR100 Increased By (0.39%)
BR30 Increased By (0.47%)
KSE100 Increased By (0.99%)
KSE30 Increased By (1.19%)
AGHA 6.50 Increased By ▲ 0.18 (2.85%)
BECO 4.40 Increased By ▲ 0.13 (3.04%)
BML 62.45 No Change ▼ 0.00 (0%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.81 Increased By ▲ 0.22 (1.9%)
CSIL 5.95 Increased By ▲ 0.23 (4.02%)
FCCL 61.30 Decreased By ▼ -0.24 (-0.39%)
FFL 14.88 Decreased By ▼ -0.14 (-0.93%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.29 Increased By ▲ 0.03 (0.48%)
KOSM 6.00 Increased By ▲ 0.44 (7.91%)
LOTCHEM 24.85 Increased By ▲ 0.17 (0.69%)
MLCF 104.13 Increased By ▲ 0.05 (0.05%)
NBP 174.66 Decreased By ▼ -0.62 (-0.35%)
NCPL 52.83 Increased By ▲ 0.06 (0.11%)
NPL 54.48 Increased By ▲ 0.36 (0.67%)
OGDC 315.35 Increased By ▲ 1.96 (0.63%)
PACE 9.41 Increased By ▲ 0.21 (2.28%)
PAEL 35.62 Decreased By ▼ -0.18 (-0.5%)
PIBTL 13.71 Increased By ▲ 0.24 (1.78%)
PPL 223.38 Increased By ▲ 1.57 (0.71%)
PRL 80.79 Increased By ▲ 1.71 (2.16%)
PTC 47.15 Increased By ▲ 0.30 (0.64%)
SSGC 24.15 Increased By ▲ 0.28 (1.17%)
TBL 9.25 Decreased By ▼ -0.06 (-0.64%)
TELE 7.53 Increased By ▲ 0.14 (1.89%)
TPL 24.89 Decreased By ▼ -0.22 (-0.88%)
TPLP 12.88 Increased By ▲ 0.37 (2.96%)
TREET 26.10 Decreased By ▼ -0.15 (-0.57%)
TRG 53.75 Increased By ▲ 0.31 (0.58%)
World

Sudan inflation soars to 99pc as food prices rise

Soaring inflation, a scarcity of foreign currency and a huge public debt are among the country's most pressing chal
Published Updated
By
  • Soaring inflation, a scarcity of foreign currency and a huge public debt are among the country's most pressing challenges.

KHARTOUM: Inflation in Sudan jumped to 99 percent because of rising food prices, official figures showed Saturday, more than a year after the country was rocked by protests sparked by bread price hikes.

The inflation rate in April shot up from 82 percent the previous month due to increased prices of grains, meat, milk and bread, according to the Sudanese Central Bureau of Statistics.

Despite Sudan's political transition, which has raised hopes of more reforms, the economy remains in deep crisis.

Soaring inflation, a scarcity of foreign currency and a huge public debt are among the country's most pressing challenges.

Many in Sudan still have to queue for hours to buy bread.

A tripling of the price of bread was the trigger for the first street protests against long-time autocrat Omar al-Bashir in December 2018.

The mass demonstrations went on for months before the army deposed Bashir on April 11, 2019.

Last month, Sudanese authorities announced an increase in bread prices, meaning one Sudanese pound (about two US cents) now buys only a 50-gram loaf of bread, compared to one weighing 70 grams previously.

 

Comments

Comments are closed for this article.