By: Muawad Mustafa Rashid
According to the Central Statistics Office Sudan’s average inflation rate rose to 114.23% in May compared to 98.81% in April.
The statistics office statement pointed out that inflation has increased due to the increase of most of the commodities and services prices including food, drinks and services.
Price of the US dollar has witnessed a sharp increase on the black-market in Khartoum since last April inching to SDG140
The continuation of the Sudanese pounds deterioration has affected trade movements and raises fear amid businessmen besides it threatening the economic situation.
Unfortunately the economic sector in the government deals with the issues carelessly as there are no new policies or practical steps that give a glimpse of hope towards overcoming this critical situation.
The economic scene which is affected by the lockdown due to the COVID-19 has further witnessed a new wave of price hikes that hit the market.
It is high time for the members of the High Economic Committee to come out of their offices and tour the markets to see on the ground the recession and the decline of purchasing power.
It goes without saying that politics and the economy are two sides of the same coin, so the national consensus will open a tunnel of hope towards economic stability.
