Monday, January 25, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home News National News

Malawi inflation rate slightly drops to 35.8%

by Johnny Kasalika
21/05/2013
in National News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Malawi’s year-on-year headline inflation rate for April 2013 slightly dropped 0.6 percentage points to 35.8 percent from 36.4 percent the month before, the National Statistical Office (NSO) has said.

RelatedHeadlines

Communities hail new public works programme

Balaka District Council decries funding delay

Red Cross Society donates PPE

This is the second month in a row for inflation, a monster that reduces peoples’ purchasing power, to drop largely because of the availability of food, particularly cereals, which accounts for about 50.2 percent in the Consumer Price Index (CPI)—a measure that examines the weighted average prices of consumer goods and services.

In April 2012, Malawi’s year-on-year inflation rate stood at 12.4 percent, up from 11.4 percent in the previous month.

Malawi is this year expected to realise a maize surplus of about 740 000 metric tonnes.

What is worrying, however, is that core inflation—a measure of inflation that excludes certain items that face volatile prices movement such as energy and food—ticked up by 0.7 percentage points to 38.6 percent on the month before “owing mainly to upward price adjustments of alcoholic drinks and tobacco”.

This then means that despite food contributing to the ease in inflation, core inflation will prove to be another setback to the overall goal of the Reserve Bank of Malawi (RBM) to further reduce the inflation rate.

The NSO Stats Flash indicates that urban and rural rates stand at 42 percent and 31.2 percent respectively.

But Consumers Association of Malawi (Cama) executive director John Kapito said on Monday the drop in inflation rate has no meaning when prices of goods and services continue to go up almost every day.

Earlier this month, RBM Governor Charles Chuka said he expected the inflation rate to keep on trending downwards backed by increased availability of maize and the appreciation of the kwacha.

In January this year, NSO rebased the consumer price indices to 2012 using updated household expenditure patterns derived from the 2010/11 Integrated Household Survey (IHS3) which has seen changes in the contribution of different components and introduction of other minor components.

The RBM is this year targeting an annual average inflation rate of 20 percent.

President Joyce Banda, in her second State of the Nation Address delivered to Parliament last Friday, said government has projected annual average inflation rate of 7.4 percent in 2014.

Previous Post

MCTU, JB discuss wages

Next Post

MCP, DPP hit at JB’s speech

Related Posts

plants | The Nation Online
National News

Communities hail new public works programme

January 25, 2021
presentation | The Nation Online
National News

Balaka District Council decries funding delay

January 25, 2021
donation | The Nation Online
National News

Red Cross Society donates PPE

January 25, 2021
Next Post
Chaponda nov61 | The Nation Online

MCP, DPP hit at JB’s speech

Trending Stories

  • covid 2 | The Nation Online

    SA returnees in forced quarantine

    0 shares
    Share 0 Tweet 0
  • court rebuffs apm on frozen account

    0 shares
    Share 0 Tweet 0
  • Tonse faulted on former presidents’ benefits

    0 shares
    Share 0 Tweet 0
  • Citizens power brings change

    0 shares
    Share 0 Tweet 0
  • Wasteful Chakwera

    0 shares
    Share 0 Tweet 0

Opinions and Columns

Emily Mkamanga

Citizens power brings change

January 24, 2021
Search Within

The rural farmer needs to take centre stage

January 24, 2021
My Thought

Spread hope not fear

January 24, 2021
Big Man Wamkulu

Hot babe wants to trap me, should I ran?

January 24, 2021
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 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
  • Opinion
  • 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.