As war intensifies in Sudan, the price of goods and services has skyrocketed.
The price of necessities like fuel, basic foods, and water has increased by 60% or more, according to the UN agency for humanitarian affairs, as a result of supply problems brought on by the fighting in Khartoum and other parts of Sudan.
This is a fresh setback for the weak economy of Sudan. There have been reports of record price increases in the capital coupled with shortages of basic products like bread and vegetables.
Khartoum is the business hub for most industries and services. Factories are located in parts of the city where intense fighting is happening. Some of them have been looted.
Sudan is an important exporter of gum Arabic, gold, sesame, peanuts, and livestock. But the economy has been held back by decades of sanctions and international isolation, as well as mismanagement and corruption.
People have been struggling with years of spiking inflation and sharp currency devaluations. The situation worsened after the 2021 military coup when international financial institutions halted Sudan’s aid programs.
The ongoing conflict has closed out trade flows to and from Sudan and the main ports have halted operations until further notice.
The country’s overwhelmed economy is expected to deteriorate further if the fighting continues.
Despite several ceasefires declared by Sudan’s conflicting parties, tensions and some deadly fighting continue to rage in the capital Khartoum and other areas.
Sudan’s health ministry stopped updating the number of casualties on May 2, when the death toll stood at 550 with 4,926 people injured.
In the meantime, hundreds of thousands of Sudanese are fleeing to neighboring countries. According to the United Nations High Commissioner for Refugees (UNHCR), a total of 123,110 refugees have fled to South Sudan, Egypt, Chad, Ethiopia, and the Central African Republic since the conflict erupted in mid-April.
The UN agency projected the number could rise to 860,000 in the next six months.