Sudan
Sudan’s annual inflation rate reached 64.3% in January, from 57.1% in December 2019, due to rising food and drink prices, the state statistics agency disclosed on Thursday.
Inflation soared in recent years, driven by food, beverages and a black market for U.S. dollars. Shortages of bread and fuel, both subsidized by the government, coupled with hefty price rises sparked protests that led to the ouster of then President Omar al-Bashir in April 2019.
The country’s transitional authorities face the toughest task of turning around an economy wrecked by three decades of mismanagement under the former president.
Sudan’s economy was hit hard when the south of the country seceded in 2011, costing it three-quarters of its oil output, a crucial source of foreign currency.
AGENCIES
01:27
Egypt's urban inflation rate drops for fourth consecutive month
01:00
Cairo hosts Egypt-EU investment conference
01:48
UN warns of the risk of increased ethnic violence in Sudan
01:35
Eid al-Adha brings little cheer to Senegal's struggling fishermen
01:39
Security Council resolution demands RSF end siege on Sudan's El Fasher
01:08
Nigeria’s president says economic reforms will continue despite hardships