Inflation Hits New Record High at 51.28%

 On Monday, Sudan’s Central Bureau of Statistics (CBS) revealed that the annual inflation rate rose to (51.28%) in June, compared to (44.50%) in May, which reflects a notable level of ongoing economic pressures and a decline in the citizens’ purchasing power.

 Economic experts attribute the afore referenced development to the rising prices of goods and services, as well as to the continued decline of local currency value and the population’s purchasing power, particularly in light of the ongoing war, which has weakened income sources and curtailed economic activity.

 In a statement, the Bureau shared that the annual change in the general price level reached (51.28%) in June, explaining that inflation in urban areas rose to (51.81%), compared to (41.11%) in May, whilst in rural areas, it reached (51.06%), compared to (46.83%) in the previous month.

 Furthermore, this new record comes at a time when the Sudanese people are facing extremely difficult living conditions, as large numbers of families have lost their sources of income due to the ongoing conflict, whilst the prices of basic commodities continue to rise at a pace that exceeds the ability of citizens to keep up, in light of the widespread destruction of infrastructure, commercial and agricultural activities, and the decline in job opportunities throughout the country.