Sudan's inflation rate was 23 percent in February, down from 24 percent in January, due to a continuing drop in food prices, the Central Statistics Office said on Sunday. Prices soared in Sudan after South Sudan seceded in 2011, taking with it three-quarters of the country's oil output, the main source of foreign currency used to support the Sudanese pound and to pay for food and other imports.
Fuel subsidy cuts introduced in 2013 also pushed up inflation but their effects have since begun to ease. But with the exception of an uptick in December to 25.7 percent from November's rate of 25.6, Sudan's inflation has been easing since the summer, when it was in the mid-forties.
As an oil importer Sudan is benefiting from the 50 percent fall in global oil prices since June.
The country plans to hold presidential and parliamentary elections in April and the ruling party says it has pulled the economy out of a tailspin in the wake of the South's secession.