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Asharq Al-Awsat
Asharq Al-Awsat
Business
Khartoum - Asharq Al-Awsat

Inflation in Sudan Declines despite Stagnation, Economic Concerns

A man waits to buy food at a market in Khartoum. (REUTERS/Mohamed Nureldin Abdallah)

The Central Bureau of Statistics in Sudan said on Tuesday that the annual inflation rate fell for the second month in a row to 125.41 percent in July, compared to 148.88 percent the previous month, after registering 192 percent in May.

The country is facing record inflation rates, amid a sharp devaluation of the Sudanese pound against the US dollar. The economy deteriorated in the wake of last October's events, which caused the suspension of international financing and a severe shortage of hard currency.

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