South Sudan’s inflation rate has risen 682 percent in the past year, South Sudan’s Bureau of Statistics said today, further evidence that the country’s economic outlook is worsening.
The inflation was mainly driven by the high price of food and non-alcoholic beverages, which increased by 752 percent in the past year.
The consumer price index, an indicator that measures the cost of items typical of South Sudanese, rose nearly 410 percent in Juba in the past year.
Since December when the country decided to float its currency, hyperinflation has kicked in. The dollar was worth roughly 75 SSP on the black market in the month of September.