South Sudan central bank announces sharp fall in inflation rate
The Bank of South Sudan announced “a significant decline in the annual inflation rate” on January 11. A report from the International Monetary Fund also said that the country’s inflation had fallen significantly, crediting the impact of exchange rate reforms.
In a statement of its policy for the coming year, the central bank said that “annual headline inflation” was 13.2% in December 2021, down from 58% in December 2020.
The central bank said it was targeting 8% inflation, with a tolerance of
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