Malawi inflation has shed a 1.5p percentage points on the February figure to 36.6 percent in March, the National Statistical Office (NSO) has said. But the fall in the rate of inflation does not imply a fall in the price of goods. Rather, NSO attributed the ease on mounting pressure on inflation rate during the […]
Consumers Association of Malawi (Cama) Executive Director, John Kapito has agains warned his warning of civil unrest over economic hardships unless government abandon Automatic Pricing Mechanism (APM) following the recent fuel price hike. Kapito said on Tuesday that the increased fuel price announced by Malawi Energy Regulatory Authority (MERA) would push up costs across the […]
Barely a month after the Malawi Energy Regulatory Authority (MERA) hiked fuel pump prices, motorists will again have to dig deeper into their pockets following another increase effected Tuesday. MERA has released a statement announcing the new fuel prices upward adjustments effective March 12, 2013. According to the energy regulator the new fuel prices are […]
Malawi’s headline inflation skyrocketed by 0.5 percent points in January to hit 35.1 in December as prices of food and non-food items continued to surge, the National Statistical Office (NSO) indicated . The rise in inflation signals continued erosion in purchasing power by most average Malawians as both disposable income and savings are drastically reduced, throwing many into […]
Malawi economy will take at least five years to fully recover, Minister of Economic Planning and Development, Goodall Gondwe said on Wednesday at a news conference in the capital Lilongwe. Gondwe denied assertions that government had said it would implement the Economic Recovery Plan (ERP) in 18 months time, saying is Malawi facing at least […]
Malawi’s annual rate of inflation has increased, according to figures released by the southern African country’s National Statistical Office (NSO) and the country’s poor have been struggling to afford the most basic of essentials. The inflation figures for November rose to 33.3 percent, a 2.7 percentage points increase from 30.6 percent the month before. “Food […]
Malawi’s year on year consumer inflation quickened to 28.3 percent in September from 25.5 percent in August, a 2.8 percentage points increase the National Statistical Office (NSO) in Zomba said on Tuesday. NSO said the inflation has increased due to a sharp rise in food prices, “Food inflation has gone up by 27.7 percent compared to […]
Malawi’s consumer inflation quickened to 25.5 percent in August from 21.7 percent in July, data released by the National Statistical Office showed Monday. Inflation quickened on every month since June 2011, when it remained unchanged at 7 percent. According to the data, inflation in the urban and rural area were 28.2 percent and 23.8 percent respectively during the month. […]
Consumer prices in Malawi jumped to a seven-year high in May as fuel and electricity costs shot up after the kwacha currency was devalued by more than 30 percent in early May. The National Statistics Office said headline inflation accelerated to 17.3 percent year-on-year in May from 12.4 percent in April. Malawi scrapped its currency’s […]
The current foreign exchange situation in Malawi was triggered by a fall in tobacco earnings and donor aid inflows last year, the International Monetary Fund (IMF) has said. An all important IMF Mission was in the country until Monday this week among other things, having economic intercourse with government officials on widespread illness the economy […]
Malawians have to cough deeper into their pockets, as thicost of living has gone, Nyasa Times basket survey reveals. Nyasa Times reporters conducted prices check in big supermarkets like Shoprite, Chipiku, PTC and Sana shops in the commercial city of Malawi, Blantyre to find out the prices of goods. A visit at Sana Shop, It […]
Malawi’s former vice president Dr Cassim Chilumpha, who once served as finance minister, says the decision by government to print new money and introduce a 1,000 banknotes is a “symptom of the fact that things are getting expensive in Malawi.” Chilumpha said Malawi’s economy is now ailing and needs a quick therapy “This is an […]
Malawi’s headline consumer inflation rate quickened to 9.8 percent year-on-year in December from 8.9 percent in November, the National Statistics Office (NSO) said in a statement. The NSO said the annual average inflation rate for 2011 was up at 7.6 percent from 7.4 percent in 2010. The Roman Catholic body called Centre for Social Concern […]
The Roman Catholic body called Centre for Social Concern (CFSC), that come up with monthly surveys of cost of living in Malawi has said its cost of living survey in Mzuzu, Zomba, Blantyre and Lilongwe shows the cost of living is continuing to soar. CFSC said an average family of six had to spend more money […]
The Malawi governments says it belives the recent price increase of the country’s staple food, maize by 50 per cent would save the poor from exploitation of parallel market traders. Deputy Minister of Agriculture Kingsley Namakhwa said this when he granted an interview to the press in the capital city Lilongwe on why state-owned produce […]
Malawians will keep on digging deep in their pockets as the cost of maize meal, a staple foodstuff, has gone up 50 percent margin, “With immediate effect”, a bag of 50 Kilogramme of maize will now sale at K3, 000, from K2, 000, according to Agriculture Development and Marketing Corporation (Admarc) spokesperson Agnes Chikoko. Recently, […]
This week (on 7th December 2011) representative of government, the employers and the employees will meet to discuss work related issues. The tripartite meeting involves the said parties as employees work for an employer, yet this relationship is not in a vacuum. The work relations happen in an environment where the government of the day […]
As I write Malawi President Bingu wa Mutharika is preparing to travel back to the country he is supposed to be heading – in both times of hardship as well as times of merry-making. In his infinite wisdom, however, he decided on a holiday – in South East Asia, apparently at a time when everybody […]