Commodity, transport costs skyrocket as the dollar’s value climbs

As the dollar strengthens, South Sudan's weakening currency triggers dramatic price hikes, leaving essential goods like soda and bus fares out of reach for many.

12
A courtesy photo of women at a local South Sudanese market
A courtesy photo of women at a local South Sudanese market

With $100 currently trading at SSP150,000, prices for essential goods in South Sudan have spiked dramatically.

Dependent on imported goods, the country struggles with an inflated market as the South Sudanese Pound (SSP) loses ground.

This past Saturday brought a notable surge, with a soda’s price rocketing from 600 to 800 SSP, among other similar increases.

Mr. Lotobong, a local trader in Juba town, revealed that the soaring dollar rate, which recently rose from 134,000 to 140,000 SSP on the black market, forced him to raise the prices of his shop.

The wholesalers’ prices escalated suddenly. I had no choice but to bump up my retail prices to stay afloat,” he stated.

Mr. Wani, a bus driver on the Jebel Suk-Juba Town route, has increased his fare from 600 SSP to 700 SSP, citing similar economic pressures from the currency’s devaluation and the heightened cost of operations due to the dollar’s climb.