Sudan Inflation Rates and Comparative Data
Sudan's inflation fell from 21.1% in August, 2011 to 20.7% in September, 2011. Inflation usually drops this time of year, because the Muslim fasting month of Ramadan was in September this year.
South Sudan became a separate country in July, 2011. When this happened, North Sudan, or just Sudan, lost 500,000 barrels a day of oil production. This action puts a strain on Sudan's economy and provides less fiscal input. So, there has been a definite economic decline and inflation increases in Sudan. Protests have broken out because of increased prices and a substantially lower economy due to, what is now South Sudan, leaving Sudan and taking it's oil resources with it. .
Sudan's inflation rate for consumer prices went from 11.2% in 2009, to 13.1% in 2010.
South Sudan became a separate country in July, 2011. When this happened, North Sudan, or just Sudan, lost 500,000 barrels a day of oil production. This action puts a strain on Sudan's economy and provides less fiscal input. So, there has been a definite economic decline and inflation increases in Sudan. Protests have broken out because of increased prices and a substantially lower economy due to, what is now South Sudan, leaving Sudan and taking it's oil resources with it. .
Sudan's inflation rate for consumer prices went from 11.2% in 2009, to 13.1% in 2010.
South Sudan Inflation
I've also read that South Sudan's inflation rate is way up at 57.1% because of rising food and non-alcoholic beverage price increases. However, the CPI has also increased at a relatively high rate i.e. 9.0% from July-August, 2011.
HOW INFLATION IS EFFECTING SUDANESE ECONOMICS ---
Well, in Sudan, the inflation is lower than in South Sudan, but because South Sudan seceded in July, it took a lot of oil reserves with it. Leaving Sudan without a major source of country-wide income.
In South Sudan, the rise in the inflation is causing the food and drink prices to increase.
In Sudan the rate of inflation is causing protests and civil unrest.
Inflation has also gone up in South Sudan because the Northern part, now Sudan, provided a lot of agriculture. Conversely, Sudan is experiencing inflation because the Southern region, now South Sudan provided oil.
Well, in Sudan, the inflation is lower than in South Sudan, but because South Sudan seceded in July, it took a lot of oil reserves with it. Leaving Sudan without a major source of country-wide income.
In South Sudan, the rise in the inflation is causing the food and drink prices to increase.
In Sudan the rate of inflation is causing protests and civil unrest.
Inflation has also gone up in South Sudan because the Northern part, now Sudan, provided a lot of agriculture. Conversely, Sudan is experiencing inflation because the Southern region, now South Sudan provided oil.
COMPARATIVE COUNTRIES INFLATION RATEs:
United States: Inflation rose from 1.63% in January, 2011 to 3.77% in August, 2011. The United States' inflation has fluctuated in recent years, but has stayed between -2.0% and 6.0% respectively.
Mexico: Mexico had a moderately steady inflation rate in 2010, but in 2011 it went into the negatives and now is beginning to climb again. September, 2011, inflation was .25%. In the 2010's, inflation was consistently in the 3.00%-3.99% range.
Europe: European inflation rate is currently 3.0%. Between 1991 and 2010 the average inflation rate for Europe was 2.24%. The historical high was 5.00% in 1991 and the record low was -.70% in 2009.
Australia: Australia's current inflation rate is at 3.6% as reported for the second quarter of 2011. Between the years of 1937-2010, the average inflation rate for Australia was 6.02%. The lowest inflation rate for this period was -.30% in 1997. The highest was 17.60% in 1975.
It's interesting to note here that all of these country's inflation rates dropped very low in the year 2009.
When looking at the inflation rate of Sudan, then looking at the inflation of these other bigger countries, it looks like Sudan has a consistently high inflation rate and a much more inconsistent rage of fluctuation.
I chose the United States, Mexico, Europe, and Australia to compare inflation rates with Sudan because they're big countries that I think have moderately stable economies. Sudan seems pretty unstable and has already gone through a lot of changes in 2011.
Recent news articles having to do with the results of price inflation in Sudan and South Sudan. . .
Theft in South Sudan due to wide spread inflation.
Protests arise in result to spiraling inflation in Khartoum, Sudan.
The new South Sudan currency and the impact of neighboring countries on South Sudan's inflation.
When looking at the inflation rate of Sudan, then looking at the inflation of these other bigger countries, it looks like Sudan has a consistently high inflation rate and a much more inconsistent rage of fluctuation.
I chose the United States, Mexico, Europe, and Australia to compare inflation rates with Sudan because they're big countries that I think have moderately stable economies. Sudan seems pretty unstable and has already gone through a lot of changes in 2011.
Recent news articles having to do with the results of price inflation in Sudan and South Sudan. . .
Theft in South Sudan due to wide spread inflation.
Protests arise in result to spiraling inflation in Khartoum, Sudan.
The new South Sudan currency and the impact of neighboring countries on South Sudan's inflation.