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Sudan's inflation falls to 24 pct in January: statistics agency
A vendor sells vegetables during Ramadan at a local market in north Khartoum, August 3, 2012. PHOTO BY REUTERS/Mohamed Nureldin Abdallah
10/02/2015
CAIRO (Reuters) - Sudan's inflation rate declined in January to 24 percent from 25.7 percent in December, due in part to falling food prices, the Central Statistics Office said on Tuesday.
Prices soared in Sudan after South Sudan seceded in 2011, taking with it three-quarters of the country's oil output, the main source of the foreign currency used to support the Sudanese pound and to pay for food and other imports.
Fuel subsidy cuts introduced last year also pushed up inflation but their effects have since begun to ease.
But, with the exception of an uptick in December to 25.7 percent from November's rate of 25.6, Sudan's inflation has been easing since the summer, when it was in the mid-forties.
As an oil importer, Sudan is benefiting from the more than 50 percent slump in global oil prices since June.
Dozens were killed and hundreds wounded in 2013 during protests over rising prices, austerity measures and subsidy cuts.
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