Malawi inflation rate eases to 9.7% on falling maize prices

Falling maize  – Malawi’s staple grain – and non-food itemd prices hs contributed to a drop in Malawi consumer price inflation during April, National Statistical Office (NSO) in Zomba has indicated.

Some people’s money budget: Inflation eases

The rate fell by 0.2 percent  to 9.7 percent .

Figures published the NSO  indicate that food inflation eased by 0.6 percentage points to 10 percent from 10.6 percent in March while non-food inflation eased by 0.8 percentage points to 8.9 percent from 9.u percent the previous months.

Malawi inflation has continued its downward spiral  as food prices continue to drop.

The Reserve Bank of Malawi (RBM) and some economic commentators say the continued drop in inflation rate is an indication that the country’s economy is on the right path.

RBM spokesperson Mbane Ngwira said the attainment of single digit inflation will spur savings as people gain confidence in the market knowing that its value will not be eroded by rising  inflation.

Inflation  – the rate of increase in prices for goods and services – is one of the most important issues in economics.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From the World

  Subscribe  
newest oldest most voted
Notify of
Mas ter
Guest
Mas ter

Cso and might opposition do you still deny
And say government have done nothing in economic

More From Nyasatimes