Tuesday, 02 January 2024 12:17 GMT

Inflation rises in Sudan amid current conflict, humanitarian crisis


(MENAFN) On Monday, the Central Bureau of Statistics in Sudan reported a significant surge in the country's inflation rate, which skyrocketed to 136.67 percent in the first half of 2024. This new data is the first official inflation report released since the conflict between the Sudanese army and the paramilitary Rapid Support Forces erupted in April 2023. The persistent warfare has triggered a severe humanitarian crisis, resulting in the displacement of over 8.5 million people, making it the largest displacement crisis globally. The conflict's impact on the economy is profound, as it has caused substantial disruption and hardship for the Sudanese population.

The ongoing conflict has wreaked havoc on Sudan's economy, worsening the plight of its citizens, many of whom are now dependent on humanitarian aid for survival. The number of people facing severe hunger has reached approximately five million, underscoring the dire nature of the situation. The economic devastation brought about by the war has been severe, with inflation reflecting the broader instability. The inflation rate reported prior to this latest update was 63.3 percent in February 2023, indicating a dramatic increase in economic volatility since the conflict began.

These stark economic indicators highlight the extent of Sudan's current crisis. The dramatic rise in inflation not only signifies worsening economic conditions but also exacerbates the suffering of the population. With a significant portion of the Sudanese people facing severe food insecurity and displacement, the country's humanitarian needs are critical. The inflation report underscores the urgent need for effective solutions to address both the economic and humanitarian challenges that Sudan is currently facing.

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