For the first time under Sudan’s two-year-old transitional government, inflation decreased as the currency shows signs of stabilizing following a year of tough economic reforms.
Inflation slowed sharply from 422.78% in July to 387.56% ending a trend of steep monthly increases that have brought inflation to a level not seen in decades.
Inflation rose in five of Sudan’s eighteen states, with Gadaref state recording the highest rate of 977.01% according to government data.
The currency in recent weeks stabilised on the official and parallel markets to about 450 Sudan pounds per dollar.
On Monday, Sudan’s Central Bank said that the country had managed to increase exports to 68% while still saying that the level was “insufficient”.