The recent decision by Sudan’s Ministry of Finance to raise the customs dollar rate from 2,167 to 2,400 Sudanese pounds has led to significant increases in the prices of imported goods, particularly sugar, flour, cooking oil, and rice.
Fuel prices have also seen fresh hikes, which are expected to further impact commodity prices.
Economic analyst Mohamed Al-Nair explained that “the decision to raise the customs dollar coincided with a sharp depreciation of the local currency, alongside the private sector taking advantage of the situation to raise prices, amplifying the impact on goods and services.”
Al-Nair noted that “the government believed the effect of increasing the customs dollar on commodity prices would not be significant, but due to the private sector’s habitual practice of fully passing such hikes on to consumers, prices have risen by more than four to five times, further exacerbating the suffering of people already struggling with rising inflation, the complexities of war, and its far-reaching consequences on their daily lives.”
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