Wednesday, June 29, 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

Declining food prices ease August inflation

by Orama Chiphwanya
22/09/2021
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Declining food prices eased August inflation by 0.4 percentage point from 8.7 percent recorded in July to 8.4 percent in August, published National Statistical Office (NSO) figures showed on Tuesday.

The data shows that during the month under review, food inflation rate slowed by1.5 percent compared to 2.1 percent registered in August 2020 while non-food inflation has stagnated at 0.4 percent as registered in August 2020.

According to the NSO Consumer Price Index (CPI) newsletter for August, the national food inflation rate for August 2021 stood at 9.7 percent whilst the non-food inflation rate was 7.2 percent.

Reads the newsletter in part: “The divisions above the 8.4 percent headline inflation rate for August 2021 are Transportation at10.7 percent and Food at 9.7 percent.

“In the non-food category, the three categories with the highest year on year inflation for August 2021 are transportation, furnishing and household and housing, water and electricity at 10.7 percent, 7.9 percent and 7.8 percent, respectively.

Economic statistician Alick Nyasulu observed that inflation will further go down in the country as food prices are projected to decline.

However, he said the non-food inflation is being sensitive to the depreciation of the kwacha and may continue to do so until we see a stable kwacha.

He said: “Its triggers are mainly externally driven than food inflation that is domestic in nature. Food inflation is likely to continue going down and overall inflation might take a slight downward trend but not significant in view of the currency depreciation.”

Previous Post

Malawi misses September Covid-19 vaccine target

Next Post

Chakwera says Tonse on course

Related Posts

Business News

PPDA moves to enhance procurement process

June 29, 2022
Business News

Food price hike pushes up urban expenditure

June 29, 2022
Business News

World bank tips Malawi on economic stability 

June 29, 2022
Next Post
Chakwera: We believe that we are
making good progress

Chakwera says Tonse on course

Opinions and Columns

My Turn

US court threatens women’s rights

June 29, 2022
People’s Tribunal

Two years later and we are still singing same song

June 26, 2022
Big Man Wamkulu

Wife’s relatives have taken over my house

June 26, 2022
My Thought

Stop cyber harassment

June 26, 2022

Malawi-Music.com Top10

Trending Stories

  • ACB cleared Sattar contract—Documents

    0 shares
    Share 0 Tweet 0
  • Britain squeezes Zuneth Sattar

    0 shares
    Share 0 Tweet 0
  • MET says cold, wet weather will continue

    0 shares
    Share 0 Tweet 0
  • Mist over VP’s absence at Plan event

    0 shares
    Share 0 Tweet 0
  • Mwanamvekha wants his case dismissed

    0 shares
    Share 0 Tweet 0

  • 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.