Sudan Inflation Rate

Sudan's annual inflation rate eased to 387.6% in August of 2021 from a record high of 423% in July. It was the first slowdown in consumer prices under the two-year-old transitional government, as the currency shows signs of stabilizing following tough economic reforms in recent months. The measures were part of reforms backed by the IMF to enable the country to qualify for debt relief, which included scrapping diesel and petrol subsidies and declaring a managed float of the Sudanese pound to stem a rampant black market. The transitional government installed in August 2019 has vowed to fix the economy which was battered by decades of US sanctions and mismanagement under the Bashir regime.