Sudan’s annual inflation rate surged to 218.18% in August, up from 193.94% in July, exacerbating the country’s already severe economic crisis, according to a report released on Thursday by the Central Bureau of Statistics.
The agency attributed the sharp rise in inflation primarily to the depreciation of the Sudanese pound against foreign currencies. The ongoing conflict and political instability have plunged Sudan into a severe economic downturn, leaving the country heavily reliant on imports for essentials like petroleum and wheat.
Inflation in rural areas reached 237.70% in August, significantly higher than the 189.38% recorded in urban areas. The statistics agency calculates inflation using a basket of 663 goods and services that reflect consumption patterns across different social, economic, and geographic groups.
The conflict has devastated the livelihoods of many Sudanese, and the soaring inflation has further strained their financial situation. The rising cost of basic necessities has made it increasingly difficult for people to afford food, medicine, and other essential goods.