Sudan's annual inflation climbed to 114.3 percent in May of 2020 from 98.8 percent in the previous month, reaching the highest level since December of 1994. Main upward pressure came from prices of food, especially bread, cereals, meat, legumes, and sugar, in addition to the already soaring prices of cooking gas, charcoal, housing maintenance costs, and transportation costs. The country has been struggling with persistent shortages of bread and fuels, both subsidized by the government, and a black market for US dollars.
Inflation Rate in Sudan averaged 33.80 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 July of 2020.
Inflation Rate in Sudan is expected to be 112.00 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 40.00 in 12 months time. In the long-term, the Sudan Inflation Rate is projected to trend around 15.00 percent in 2021 and 10.00 percent in 2022, according to our econometric models.