Sudan's inflation rate rises to 63.86 pct in June

Source: Xinhua| 2018-07-20 02:38:40|Editor: yan
Video PlayerClose

KHARTOUM, July 19 (Xinhua) -- The inflation rate in Sudan rose to 63.86 percent in June, up from 60.93 percent in May, said Sudan's Central Statistics Bureau Thursday.

The bureau attributed the rise to the the decrease in the price index in June, the hikes in prices of clothes and shoes due to Eid al-Fitr, and rise in the prices of school items due to the beginning of the new school year.

Sudan is currently witnessing an unprecedented price hike due to devaluation of the national currency, as one dollar now equals 42 Sudanese pounds in the parallel market.

Sudan has been undergoing a dire economic crisis since the secession of South Sudan in 2011, due to which Sudan lost 75 percent of its 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.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105521373362901
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
最新亚洲综合久久久 | 亚洲国产精品一区 | 一本在线视频观看免费 | 日本永久精品视频在线观看 | 亚洲自偷自偷在线 | 亚洲一区二区三区综合 |