September 19, 2024 (PORT SUDAN) - Sudan's annual inflation rate surged to 218.18% in August, up from 193.94% in July, the Central Bureau of Statistics reported on Thursday, exacerbating the economic crisis facing the conflict-ridden nation. The statistics bureau attributed the persistent price rises primarily to the continued depreciation of the Sudanese pound against foreign currencies. Sudan, reliant on imports for most essential goods like wheat and fuel, has seen its currency plummet amid ongoing conflict and political instability. In August, urban areas experienced an inflation rate of 189.38%, while rural areas were hit even harder, with a rate of 237.70%. The statistics bureau measures inflation using a basket of 663 goods and services, reflecting consumption patterns across various socioeconomic and geographic groups. The soaring inflation has deepened the economic hardship for Sudanese citizens, many of whom have lost their livelihoods due to the conflict. The rising cost of basic necessities has made it increasingly difficult for people to afford food, medicine, and other essential goods.

The post Sudan's August inflation soars to 218%, deepening economic hardship appeared first on Sudan Tribune.