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Sun, 04 Nov 2018 13:44 - Updated Sun, 04 Nov 2018 13:44

Sudan hikes flour subsidies by 40 percent to lower bread prices

CAIRO - Sudan increased flour subsidies by 40 percent, the Finance Ministry said on Saturday, after the reduction of subsidies this year sent bread prices higher and triggered protests.

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The government would spend 35 million Sudanese pounds ($737,000) daily instead of 25 million, the statement added.

A decision to reduce bread subsidies this year sparked rare nationwide protests after bread prices doubled. Inflation climbed to a record 66 percent in August, one of the highest rates globally. Reuters

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