(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.
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