Tags: Inflation

Inflation edges up to 23%

  Malawi’s year-on-year inflation as measured by consumer price index (CPI) rose by 0.8 percentage points to 23 percent in August 2015 from 22.2 percent the month before, the National Statistical Office (NSO) has said. The Zomba-based NSO has attributed the increase to “general price increase during the period as compared to the same period…

Malawi inflation rate remains high, says IMF

The International Monetary Fund (IMF) has reiterated that Malawi’s rate of inflation remains high, urging authorities to tighten further both monetary and fiscal policies. “We hope inflation is going to be brought down by further tightening monetary policy by raising interest rates so that Malawians can once again have confidence in the kwacha,” said Oral…

Doubts on Malawi’s 2014 GDP projection

Economic experts have described the 6.3 percent real gross domestic product (GDP) growth rate projection for 2014 as ambitious, forecasting that authorities may be forced to revise the figure downwards in view of prevailing economic situation gripping Malawi. Both the Malawi Government and International Monetary Fund (IMF) are optimistic that the economy would demonstrate strong…

Malawi’s inflation fall highest in Comesa

Malawi recorded the highest fall in inflation in May although the rate remained one of the highest in the region, according to the Common Market for Eastern and Southern Africa (Comesa). The Comesa Harmonised Consumer Price Index (HCPI), a regional measure of inflation released last month indicates that Malawi recorded the highest month on month…

Malawi inflation rate highest among sampled countries

Malawi’s inflation—a monster that eats into the majority of people’s disposable income—is the highest among the four sampled neighbouring countries, signalling that prices of goods and services in the country are increasing at a faster rate. A sampling by Business News based on figures from the Economist Intelligence Unit (EIU) show that the country’s inflation…

Inflation inches down to 23.9 percent

Malawi’s inflation rate as measured by the Consumer Price Index (CPI) fell slightly by one percentage point to 23.9 percent in April compared to the previous month. The National Statistical Office (NSO) CPI dashboard indicates that urban inflation dropped to 33.7 percent from 34.3 percent while rural inflation receded to 19.1 percent from 19.5 percent.…

RBM counters IMF inflation target

The Reserve Bank of Malawi (RBM) has projected that the country’s inflation rate will fall to around 16 percent in December this year, effectively countering the International Monetary Fund (IMF) single digit target. RBM, according to minutes of the latest Monetary Policy Committee (MPC) meeting held last week chaired by the central bank’s governor Charles…

IMF maintains Malawi single digit inflation projection

The International Monetary Fund (IMF) has maintained Malawi’s end 2014 single digit inflation target of 9.7 percent, according to the recent World Economic Outlook (WEO), however local analysts have doubted its attainment. The IMF indicates that Malawi’s end of period inflation rate will fall from 23.5 percent in December 2013 to 9.7 percent while the…