Inflation eases to 22.3 percent

Malawi’s year-on-year headline inflation rate fell by 0.2 percentage points to 22.3 percent in July from 22.5 percent the month before, according to the National Statistical Office (NSO).

NSO figures show that Malawi’s inflation, which is measured by the Consumer Price Index (CPI) and is largely dominated by food at over 50 percent, was mainly driven down by non-food inflation.

The inflation fell from 22.5 percent in June as food inflation increased to 20.3 percent from 19.9 percent while non-food inflation decreased to 24.9 percent from 25.7 percent.

The urban inflation rate decreased to 29.7 percent from 29.9 percent, while rural inflation decreased to 18.1 percent from 18.5 percent, according to NSO.

Since February this year, the inflation rate has been falling with authorities and analysts attributing the decline to both non-food and food prices.