Sudan's annual inflation climbed to a record high of 166.8 percent in August of 2020 from 143.8 percent in the previous month. Main upward pressure came from prices of food and fuels, aggravated by weeks-long virus lockdown measures. Inflation has been rising in recent years amid persistent shortages of bread, beverages and fuels, and a black market for US dollars. Meantime, the transitional government, in charge of the country since the removal of Omar al-Bashir last year, has struggled to start economic reforms and proved unable to halt a fall of the Sudanese pound on the black market. On September 10th, the country declared an economic state of emergency after its currency fell sharply in recent weeks, setting up emergency special courts to enact laws to protect the economy, and imposing harsher penalties on smugglers and a rising black market.
Inflation Rate in Sudan averaged 37.09 percent from 1971 until 2020, reaching an all time high of 181.50 percent in December of 1993 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 - values, historical data and charts - was last updated on October of 2020.
Inflation Rate in Sudan is expected to be 180.00 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 90.00 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.