Sudan's annual inflation rate eased to 387.6% in August of 2021 from a record high of 423% in July. It was the first slowdown in consumer prices under the two-year-old transitional government, as the currency shows signs of stabilizing following tough economic reforms in recent months. The measures were part of reforms backed by the IMF to enable the country to qualify for debt relief, which included scrapping diesel and petrol subsidies and declaring a managed float of the Sudanese pound to stem a rampant black market. The transitional government installed in August 2019 has vowed to fix the economy which was battered by decades of US sanctions and mismanagement under the Bashir regime. source: Sudan Central Bureau of Statistics
Inflation Rate in Sudan averaged 48.76 percent from 1971 until 2021, reaching an all time high of 363.10 percent in April of 2021 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 September of 2021.
Inflation Rate in Sudan is expected to be 365.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sudan Inflation Rate is projected to trend around 100.00 percent in 2022 and 50.00 percent in 2023, according to our econometric models.