Malawi’s consumer inflation edged up to 23.7 percent year-on-year in November, from 23.3 percent in October, the statistics office said on Thursday. The National Statistical Office said an increase in non-food inflation had emanated from mainly alcoholic drinks, housing and household, as well as transportation prices. The November figure saw a decline in food inflation, […]
Carlsberg Malawi Limited has increased prices of its alcoholic and non-alcoholic beverages by 14 percent and 23 percent respectively with effect from Monday November 17. According to the new price structure, the raise means that a 300 millilitre (ml) bottle of any soft drink will be selling at a retail price of K160, up from […]
Reserve Bank of Malawi (RBM) has raised its policy rate back up to 25.0 percent as inflation is expected to accelerate to 25.4 percent in December due to rising food price and the depreciating kwacha currency. Malawi’s headline inflation rate eased to 23.7 percent in September from August’s 24.5 percent, but the central bank said […]
Malawi public workers battling with 24.50 percent inflation have maintained their demand for “at least 50 percent” pay hike to cover the rising cost of living in the cash-strapped southern African country. Civil Servants’ Trade Union (CSTU) said General Secretary, Madalitso Njolomole the latest demand was justified. The union leaders rejected the proposed 24 percent […]
Malawi’s headline consumer inflation quickened to 24.5 percent year-on-year in August, from 22.3 percent in July, partly on higher food, housing and water costs, the National Statistics Office in Zomba said. According to Reserve Bank of Malawi (RBM) spokesperson Mbane Ngwira, the relatively high Malawi inflation rates is due to different stages in the country’s […]
Malawi central bank left its benchmark lending rate unchanged at 22.5 percent on Tuesday, citing mainly the uncertain outlook for inflation. “Some risks still remain to the inflation outlook,” the Reserve Bank of Malawi said in a statement posted on its website, singling out uncertainty in the food sector and the country’s budget. “The committee […]
Malawi recorded the highest fall in inflation in the month of May although now at 23.6 percent the rate remained the second highest in the Common Market for Eastern and Southern Africa (Comesa) region with only Sudan being the worst at 37.4 percent, according to a Comesa report. Comesa’s report on Harmonised Consumer Price Index […]
The National Statistics Office in Zomba has released data showing Malawi’s consumer inflation slowed slightly to 22.5 percent year-on-year in June from 22.6 percent in May. In the 2013/14 budget statement government expected that inflation would slow down to 14.2 percent by December 2013 and to seven percent by December 2014 arguing the economy was […]
Malawi’s consumer prices grew at their slowest year-on-year pace since October in May, with CPI slowing to 22.6 percent from 23.9 percent in April, the National Statistics Office (NSO) in Zomba has said. In the 2013/14 budget statement government expected that inflation would slow down to 14.2 percent by December 2013 and to seven percent […]
Malawi’s consumer inflation as measured by the Consumer Price Index (CPI) slowed to 24.0 percent year-on-year in March, data from the National Statistical Office (NSO) showed on Monday. The inflation rate has slowed to 24.0 percent from 24.6 percent in February. In the 2013/14 budget statement government expected that inflation would slow down to 14.2 […]
Malawi’ economy has taken a backward turn and is in a reverse gear says the head of Consumer Association of Malawi (Cama) John Kapito. Kapito made a diagnostic analysis of Malawi economy in the press following reports that inflation is rising with continue commodity price hikes making life unbearable. The consumer watchdog director said the […]
Malawi currency the Kwacha has continued to weaken against some major foreign currencies such as the US dollar from K350 to K360. So far the Malawi Kwacha’s has lost value by 10 percent points. Executive Director of the Malawi Economic Justice Network Dalitso Kubalasa has since attributed the development to the closure of the tobacco […]
The National Statistical Office (NSO) in eastern city of Zomba has said year on year inflation rate for the month of July, 2013 now stands at 25.2 percent down from 27.9 percent recorded in June. The NSO said the urban and rural rates stood at 34.2 percent and 24.2 percent respectively while non-food inflation has […]
The Malawi kwacha has opened this week on a high note as it is exchanging with the US dollar at around K320 on the market. The commercial banks and foreign exchange bureaus are buying the dollar at K320 and selling it at K324 while peddlers on the black market are pushing to match such offers […]
The country’s largest bank by assets, National Bank of Malawi (NBM) has warned that the combined effect of the tight monetary policy and weak fiscal performance is likely to maintain the high interest rate and inflationary environment for some time. This follows market data from the Reserve Bank of Malawi (RBM) that it mopped up […]
Malawi’s Finance Minister Dr Ken Lipenga has estimated that the potential rate of the 2013 domestic economy growth is going to rebound to 5.0 percent up from 1.8 percent in 2012 with expenditure pegged at K479.1 billion by the end of the financial year compared to K475.8 billion revised at Mid-Year. Mechanically, growth would be […]
The National Statistical Office (NSO) says the year on year headline inflation for the month of April 2013 eased to 35.8 percent, representing a minimal 0.6 percentage points down on the month of March. The NSO said urban and rural rates stand at 42 percent and 31.2 percent respectively. “Core inflation which excludes food costs, […]
The Malawi Kwacha has appreciated against the US dollar from K420 to trade at K380 from Monday this week in what economic analyst say is due to the inflows from the tobacco trade – Malawi’s main foreign exchange earner accounting for more than half of all foreign exchange earnings. Exchange rates monitored by Nyasa Times from […]