Sudan saw record-breaking inflation last month, topping 212 percent year-on-year driven by increases in food and rent prices, the country’s statistics office said Tuesday.
“The annual (inflation) rate was 212.29 percent for the month of September 2020, compared to 166.83 percent in August,” the Central Bureau of Statistics said in a statement.
The local currency is in free fall in the import-dependent country, trading at between 240 and 250 Sudanese pounds to the dollar.
That compares to 50 pounds when a transitional government took over following the April 2019 fall of autocrat Omar Al-Bashir.
The government in September declared a state of economic emergency to avert a further downturn, as the finance minister blamed the sharp dollar rise on “systematic sabotage” by currency market manipulators.
The depreciating Sudanese pound is “eroding families’ purchasing power and ability to provide for themselves,” said the UN’s humanitarian coordination office, OCHA.
The country’s economy has 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.