National Statistics Office says during the month under review, food and non-food inflation rates were at 32.5 and 17.5 percent, respectively
The national month to month inflation rate for July 2022 stands at 0.9 percent, according to the National Statistics Office.The recent Reserve Bank of Malawi's Market Intelligence Report for the month of May, observed that the 25 percent devaluation of Kwacha and the subsequent hike of fuel prices would exert more pressure on the country's inflation.
The report, therefore, observed that this may require that monetary policy be recalibrated to contain further deviations of inflation from the medium-term objectives.
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