Bloomberg News

Sudan’s Inflation Rate Increased to 16.8% in May on Food

June 07, 2011

(Updates with food costs in second paragraph.)

June 7 (Bloomberg) -- Sudan’s annual inflation rate climbed to 16.8 percent in May from 16.5 percent in April as food prices rose in the African country, the Khartoum-based Central Bureau of Statistics said.

Prices of food and non-alcoholic drinks, the biggest component of the consumer-price index, rose 18.8 percent in May, the same as the previous month, the Khartoum-based agency said today in a statement handed to reporters. In the month, prices increased 1.7 percent.

Sudan is targeting inflation of 12 percent and economic growth of 5 percent for this year, according to Finance Minister Ali Mahmoud Abdel Rasoul. Inflation averaged 13 percent last year, the statistics agency said, higher than the target for that year of 9 percent to 11 percent.

--Editors: Karl Maier, Phil Sanders

To contact the reporter on this story: Maram Mazen in Khartoum at mmazen@bloomberg.net.

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net.


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