Sudan inflation rate rises to 13.98 percent in May

Sudan’s annual inflation rate
rose to 13.98 percent in May from 12.85 percent in April, on the
back of a sharp increase in the prices of food and drinks,
Sudan’s Central Data Workplace said on Sunday. Prices skyrocketed in Sudan after South Sudan withdrawed in 2011,
taking with it three-quarters of the nation’s oil output, the
main source of foreign currency utilized to support the Sudanese
pound and to pay for food and other imports.

In December, the Sudanese pound was up to 11.6 pounds to the
dollar, its least expensive rate on the parallel market given that 2011,
currency traders said, as the main banking system had a hard time
to provide the dollars needed to purchase imports.

( Reporting by Khalid Abdelaziz; Composing by Eric Knecht; Modifying
by Andrew Heavens).

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