Loading...
See More

Food prices drive up Malawi inflation

Jan 24 2013 19:20 Reuters
Joyce Banda

(Picture: AFP)

Related Articles

Malawians protest economic reforms

IMF steps up economic support to Malawi

Malawi president agrees 30% pay cut

Malawi devalues kwacha by 48%

Malawi, Vale ink $1bn rail line deal

Inflation, drought hurt Malawi's economy

 
Blantyre - Malawi's year-on-year (y/y) headline inflation accelerated to 34.6% in December from 33.3% in November, driven mainly by higher food prices, the National Statistical Office said on thursday.

"The increase is emanating from the rise in both food costs at 34.5% compared to 5.2% and core inflation at 34.5% compared to 14.4% y/y," the NSO said.

It said that inflation in southern African countries averaged 21.3% in 2012, 13.7% points higher than 2011.
 
Finance Minister Ken Lipenga set an inflation target of 18.4% for 2012 in his 2012/13 budget statement.
malawi

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The driverless luxury car of the future!

Watch this video of the Mercedes Benz F 015 concept car, the company’s vision of a driverless future.

 
 

Luxury living

WATCH: Private luxury island for sale!
10 of the most ridiculous celebrity purchases, that cost millions!
Karl Lagerfeld spotted with custom gold Apple Watch
The most luxurious dog house!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What brand of smartphone has been stolen from you?

Previous results · Suggest a vote

Loading...