South Sudan inflation declined to 24% in February
March 24, 2012 (JUBA)- Inflation in South Sudan fell to 24% last month, compared to the 35% in January, while food prices increased by 15% over a one-year period, the country’s National Bureau of Statistics (NBS) said. The decline in inflation, its latest report shows, necessitated a rise by 185% in prices for alcoholic beverages and tobacco over the same period as that of food and non-alcoholic beverages. Annual consumer inflation, according to the statistical body, is the percentage change in the Consumer Price Index (CPI), determined on annual basis. David Chan, the Director of Economic Statistics at NBS, the figures released are usually subject to volatility and should be cautiously used, due to the increasing numbers of seasonal products entering and exiting the markets. Meanwhile, the monthly CPI, NBS says, decreased by 11% between January and February 2013, while prices for food and non-alcoholic beverages, alcoholic beverages and health, decreased by 16.0%, 18.1% and 6.9% respectively. “The decrease in the price of food and non-alcoholic beverages was mainly caused by lower fruit prices,” partly says the 8 March report. The young nation’s economy has suffered a setback after the country’s shut down of oil output a year ago, in a furious row accusing Khartoum of stealing its crude amid disagreement over transit fees. Revenues from oil previously accounted for over 98% of South Sudan’s annual budget. This week, however, the two sides signed a deal by which they order their respective oil companies to prepare for restart of oil production in landlocked South Sudan, which is exported through the north’s pipelines. (ST). -- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
