Malawi inflation slows to 23.5 percent y/y in January

Consumer inflation in Malawi slowed to 23.5% year on year in January form 24.9 percent in December.

Overall, food inflation stood at 29.2 percent from 28.9 percent in November. The increase in food inflation was due to rising costs of food items.

Annual headline inflation for 2015 slowed to 21.9 percent from 23.8 percent a year earlier.

The country’s central bank had forecast a 6.5 percent economic growth in 2016 but the current drought that has ravagered the southern Africa regions casts doubt on the forecast.