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lunedì 16 luglio 2012
News of Sudan.
Bashir's regime is expected to continue rising inflation in 2012
07-16-2012 01:40 AM
KHARTOUM (Reuters) - Sudanese officials said on Sunday that the rate of inflation, currently at 37 percent will continue to rise until the end of the year with the reduction of government support for fuel and due to the difficult economic situation.
The economic crisis has worsened after the secession of southern Sudan's oil-producing a year ago to a sharp rise in food prices and other commodities in Sudan has fueled popular resentment of the government of President Omar Hassan al-Bashir.
And scored 37.2 percent annual inflation in June, double its level in June 2011 as Sudan is struggling to pay for imports.
He said Aleem Abdul Ghani, head of trade in the Central Bureau of Statistics that are likely to increase inflation in July, because the effect of the gradual reduction of support for fuel has not yet on the market.
He told Reuters: "only the last week in June is the one who has cut subsidies on fuel."
Said Adel Abdel-Aziz, a senior official in the Ministry of Finance in Khartoum that it would be difficult to achieve the target average inflation of 25 percent of Sudan.
"It needs an extra effort from the authorities."
The statistics office said in a statement on Sunday that the annual inflation will fall from the beginning of 2013.
The austerity measures also include steps to reduce government bureaucracy and raise taxes and customs
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