Sunday, November 13, 2011

South Sudan October Inflation Jumpsto 71.7 pct

Due to a rise in cost of food goods, inflation in South Sudan has increased over 10%. The rise in food cost is mainly due to the rocky relationship between Sudan and South Sudan. The lack of banking and travel agreements has further increased the headache that is trade between the rivals.

In addition, the Sudanese bombing of a South Sudan refugee camp is complicating matters further.

The level to which South Sudan relies on its former master is causing problems. Coupled with difficulties in the export of oil, South Sudan is going to find it increasingly difficult to balance its economy.

Stephen Phelps

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