Sudan's inflation rate jumps to 68.64 pct in Sept.

Source: Xinhua| 2018-10-12 04:25:23|Editor: yan
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KHARTOUM, Oct. 11 (Xinhua) -- The inflation rate in Sudan jumped to 68.64 percent in September from 66.82 percent in August, said Sudan's Central Statistics Bureau Thursday.

The bureau attributed the rise to the price hike in food and drinks.

It said that the Red Sea state in eastern Sudan registered the highest inflation rate of 100.84 percent compared to 98.32 percent in August.

However, the inflation rate dropped in five states, namely North Darfur, White Nile, Kassala, Sinnar and Gedarif.

Last week, the Sudanese government approved a package of economic measures relating to the export and import sectors, including a new exchange rate of 47.5 Sudanese pound for one U.S. dollar, decreasing the pound's value by 63.8 percent.

Sudan has been suffering a dire economic crisis since the secession of South Sudan in 2011, which caused it to lose 75 percent of oil revenues.

On Dec. 19 last year, the Sudanese cabinet approved the budget for 2018, including new measures for cutting government spending, stopping construction of government buildings, and barring payment of any incentives or rewards without a prior approval from the Ministry of Finance.

The budget aims to stimulate the country's GDP growth to reach 4 percent and bring inflation down to 19.5 percent.