Wednesday, May 25, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Cost of living jumped 3% in May—report

by Steve Chilundu
19/06/2019
in Business News, Editors Pick
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Consumers had to dig deep into their pockets in May as the cost of living rose by three percent, a Basic Needs basket (BNB) study by Centre for Social Concern (CfSC) shows.

During the month under review, Mzuzu City was the most expensive as a family of six spent over K130 000 on basic necessities.

In contrast, the cost of living—the cost of maintaining a certain standard of living—in Blantyre, Lilongwe and Zomba was a little softer as a family of six needed K119 000, K113 000 and K115 000, respectively, to earn a living.

The study also sampled municipalities such as Karonga, which showed that a family of six spent over K122 000 compared to Mangochi’s K96 000.

Commenting on the findings, CfSC executive director Jose Kuppens, in an interview on Monday, said under normal circumstance, the cost of living could have been going down because farmers are selling their produce.

Consumers Association of Malawi (Cama) executive director John Kapito agreed that the cost of living has gone up.

Kapito called for a review of the minimum wage, currently at K25 000, saying it has been too low for a long time.

During the review period, a 50 kilogramme bag of maize in Lilongwe was sold at K8 429, K8 200 in Zomba, K9 000 in Blantyre, Mzuzu K9 333, Karonga K6 500 and Mangochi K10 000.

Previous Post

Inflation rate dropped to 8.9% in May

Next Post

K13bn US project boosts farmers’ yields, income

Related Posts

Business News

World Bank sees remittances rising

May 24, 2022
Business News

Malawi reviews inflation formula

May 24, 2022
Business News

Illovo half-year profits hit K9.2bn

May 24, 2022
Next Post
Malawi legumes have a huge market in India

K13bn US project boosts farmers’ yields, income

Opinions and Columns

People’s Tribunal

What was that press briefing all about?

May 22, 2022
Big Man Wamkulu

Wife, in-law plotting my downfall

May 22, 2022
My Thought

Tonse Alliance died on arrival

May 22, 2022
Layman's Reflection

New IMF programme pivotal moment for Tonse Alliance

May 21, 2022

Trending Stories

  • Kalindo: I am hearing it from you

    Kalindo earmarked for diplomatic post

    0 shares
    Share 0 Tweet 0
  • Musician Martse in hospital after fire accident

    0 shares
    Share 0 Tweet 0
  • Cooking oil project impresses Chilima

    0 shares
    Share 0 Tweet 0
  • Musicians, fans mourn Martse

    0 shares
    Share 0 Tweet 0
  • Witness U-turns in Batatawala, 3 others case

    0 shares
    Share 0 Tweet 0

Malawi-Music.com Top10

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.