Sudan Inflation Rate Rises to 359.09% in 2021

Sudan’s Central Bureau of Statistics on Sunday said the country’s headline inflation rate increased from 163.26% in 2020 to 359.09% in 2021.

The annual inflation rate slowed to 318.21% in December, from 339.58 in November, according to the statistics agency.

In December, core inflation, which excludes volatile items such as food, increased to 443.48% from 428.34% in November.

In October, staple food prices were 60-120 percent higher than 2020. According to the Famine Early Warning Systems Network (FEWS NET), the food situation in the country remains ‘stressed’ and may become worse in the coming months.

Humanitarian assistance needs in Sudan remained high in November, as political instability, above-average food prices, and reduced household purchasing power combined with protracted displacement and increasing numbers of refugees in particular in eastern Sudan, caused the need for humanitarian assistance to remain high.

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Prices of petrol and diesel increased by SDG42 each to SDG362 per litre and 347 per litre, respectively, in November.

 “The price of locally produced and imported items rose by a similar rate between October and November,” the network stated then. “The poor macroeconomic situation is likely to persist through early 2022 as political instability continues and the economic support by the international community remains on hold.”

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