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Sudan Inflation Slows in Feb to 258.40%

A man waits to buy food at a market in Khartoum. REUTERS/Mohamed Nureldin Abdallah
A man waits to buy food at a market in Khartoum. REUTERS/Mohamed Nureldin Abdallah
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Sudan Inflation Slows in Feb to 258.40%

A man waits to buy food at a market in Khartoum. REUTERS/Mohamed Nureldin Abdallah
A man waits to buy food at a market in Khartoum. REUTERS/Mohamed Nureldin Abdallah

Sudan’s annual inflation slowed to 258.40% in February, from 259.8% in January, the statistics bureau said on Tuesday.

The Central Bureau of Statistics attributed the continued rise in prices to the price surge witnessed in February 2021.

The bureau said in a press statement that the monthly inflation rate of the general index of consumer and service prices recorded 14.39% during February 2022, compared to an average of 2.06% in January 2022.

The transportation group recorded the highest contribution rate to the monthly inflation rate, amounting to 87.13%, due to the rise in fuel prices.

The food and beverage group came next at 4%, followed by the total of household fixtures and equipment and routine maintenance work at 3.07%, due to the rise in the prices of cement and other household maintenance equipment.

The rate pf housing, water, electricity, gas, and other types of fuel group recorded 1.84%, due to a rise in electricity tariff and gas prices, in addition to a group of various goods and services at 1.26%.

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South Korea, China Industry Ministers Agree to Cooperate in Evolving Global Environment, Seoul Says

Chinese Commerce Minister Wang Wentao attends a meeting with global business leaders at the Great Hall of the People in Beijing, China, March 28, 2025. (Reuters)
Chinese Commerce Minister Wang Wentao attends a meeting with global business leaders at the Great Hall of the People in Beijing, China, March 28, 2025. (Reuters)
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South Korea, China Industry Ministers Agree to Cooperate in Evolving Global Environment, Seoul Says

Chinese Commerce Minister Wang Wentao attends a meeting with global business leaders at the Great Hall of the People in Beijing, China, March 28, 2025. (Reuters)
Chinese Commerce Minister Wang Wentao attends a meeting with global business leaders at the Great Hall of the People in Beijing, China, March 28, 2025. (Reuters)

The industry ministers of South Korea and China met on Saturday to discuss the evolving global trade environment and agreed to cooperate bilaterally as well as on multinational trade forums, the South's industry ministry said.

China's Commerce Minister Wang Wentao is visiting Seoul for a three-way ministerial meeting on Sunday with South Korea's Ahn Duk-geun and Japanese Trade Minister Yoji Muto.

"They held discussions on bilateral cooperation measures and trade issues in response to changes in the global trade environment," the South Korean ministry said in a statement.

The first meeting of the two countries' industry ministers is the first since November 2023 and comes as US President Donald Trump's promised tariffs are expected to impact imports from the two Asian export powers.

Trump has already imposed 20% tariffs on all Chinese imports, saying Beijing has failed to stem the flow of precursors for the addictive opioid fentanyl.

South Korea is bracing for duties that could hit its major exports to the United States, including semiconductors and electric vehicle batteries. Ahn has said a 25% tariff on autos unveiled this week by Trump was expected to create "considerable difficulties" for South Korean automakers.