Figures from the National Statistical Office (NSO) have shown that Malawi’s year-on-year inflation rate has hit 7.6% for December 2020.
According to the NSO report, the above has been attributed to rising food and non-food prices. Food inflation has increased to 4.3 % from 3.7 % in November, while non-food inflation was recorded at 0.8% from 0.5 % during the same period in review.
Government has ordered Admarc to start selling maize immediately at K160 per kilogram to cushion the rising inflation. Maize, as part of the food component, impacts the country’s inflation as it has a huge weight at 45.2% in the consumer price index (CPI)—an aggregate basket for goods and services for computing inflation.