Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Sudan
- 2008↑ Upward pressure
World food prices dominated Sudan's 2008 inflation ↗ — Wikipedia (opens in a new tab)
Sudanese inflation rose from 9 percent at the end of 2007 to 14 percent by September 2008, driven almost entirely by world food prices. Fuel subsidies limited some energy pass-through but increased the fiscal burden.
- 2011↑ Upward pressure
Secession stripped out oil revenue and foreign exchange ↗ — Wikipedia (opens in a new tab)
South Sudan's secession removed most of Sudan's oil output and sharply cut fiscal revenue and export capacity. The resulting fiscal financing need, loss of reserves and parallel-market pound depreciation drove inflationary pressure.
- 2021↕ Mixed effects
A market-rate reset exposed the accumulated price shock ↗ — Wikipedia (opens in a new tab)
After years of deficits, monetary financing and an overvalued official rate, Sudan unified its exchange rates at the prevailing market rate in February 2021. Fiscal consolidation and slower money growth were needed to bring down the inflation and depreciation spiral.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.