06 June 2012

South Sudan oil revenue shutdown starting to bite

Here's the latest inflation figures for South Sudan from last Friday - prices jumped 30% between April and May.

I'd be interested to see the figures for Northern Sudan, but last time I checked the Northern stats agency had a much longer delay on releases.

I don't think its necessarily clear yet that the South is feeling the pressure any more than the North (though I'm open to persuasion). In any case, I'm still hopeful that as both sides gradually run out of options (boosting tiny non-oil collections, begging corrupt elites to give back the money they stole...) they will be forced to make that deal and get production going again.


Shannon Orcutt said...

Definitely don't see how they can take it much longer, especially once food prices go through the roof. Also Sudan just released their report for May, although it is much not as high as South Sudan's, the rate doubled from where it was last year to 30%  http://af.reuters.com/article/investingNews/idAFJOE85506720120606?feedType=RSS&feedName=investingNews

rovingbandit said...


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