Sudan inflation eases slightly in Oct to 68.44 pct - stats agency
KHARTOUM, Nov 22 (Reuters) - Sudan's annual inflation eased
slightly to 68.44 percent in October from 68.64 percent in
September, due to lower food and drink prices, the state
statistics agency said on Thursday.
Inflation jumped to more than 50 percent in January, from
25.15 percent in December, when subsidy cuts triggered food
price increases that kindled unrest. Since then inflation has
continued to accelerate despite attempts to slow price rises
with strict limits on cash withdrawals.
Sudan's economy was hit hard when the south of the country
seceded in 2011, losing three-quarters of its oil output, a
crucial source of foreign currency.
Sudan sharply devalued its own currency in October after the
government tasked a body of banks and money changers with
setting the exchange rate on a daily basis.
The new system was part of a package of measures aimed at
tackling an economic crisis and an acute shortage of foreign
(Reporting by Khalid Abdelaziz; writing by Lena Masri; editing
by Gareth Jones and Kirsten Donovan)
First Published: 2018-11-22 12:05:03
Updated 2018-11-22 12:40:02
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