Sudan’s annual inflation hit a new record peak of 212.3% in September of 2020, driven by hikes in bread and vegetable prices as well as increasing transport fares. Inflation has been rising in Sudan since before the military’s overthrow of longtime President Omar al-Bashir in April 2019 amid a popular uprising against his rule. The transitional government is struggling to revive the economy amid a huge budget deficit and widespread shortages of essential goods. The country’s economy has also suffered from Sudan’s inclusion on Washington’s terror blacklist, decades-long US sanctions and the 2011 secession of the country’s oil-rich south. source: Sudan Central Bureau of Statistics
Inflation Rate in Sudan averaged 38.15 percent from 1971 until 2020, reaching an all time high of 212.30 percent in September of 2020 and a record low of -1 percent in December of 1979. This page provides the latest reported value for - Sudan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sudan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Sudan is expected to be 145.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Sudan to stand at 92.00 in 12 months time. In the long-term, the Sudan Inflation Rate is projected to trend around 85.00 percent in 2021 and 65.00 percent in 2022, according to our econometric models.