Bloomberg News

Sudan Inflation Rate Drops to 18.9% in December, Agency Says

January 03, 2012

(Updates with decrease in food and drinks prices in second paragraph.)

Jan. 3 (Bloomberg) -- Sudan’s inflation slowed to 18.9 percent in December from 19.1 percent a month earlier as food prices declined in the African country, the Central Bureau of Statistics said.

Prices of food and drinks, the biggest component in the consumer price index, decreased by 4.8 percent from the previous month. Sugar and vegetable costs recorded declines of 4.2 percent and 3.7 percent, respectively, the Khartoum-based agency said in an e-mailed statement today.

The highest inflation rate was recorded in the state of North Darfur, where the figure was 42 percent.

Sudan’s inflation is targeted at below 17 percent this year, while its budget deficit is forecast to narrow to 3 percent of gross domestic product from about 5 percent in 2011, Finance Minister Ali Mahmoud Abdel Rasoul said on Dec. 1.

--Editors: Hilton Shone, Karl Maier

To contact the reporter on this story: Salma El Wardany in Khartoum at selwardany@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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