The annual inflation rate in Malawi climbed to 10.4 percent in November 2019 from 9.6 percent in the previous month. It was the highest inflation rate since June 2017, as prices advanced faster for both food (17.2 percent vs 16 percent in October), mainly due to shortages of maize which is the country's main staple, and non-food products (4.7 percent vs 4.3 percent). On a monthly basis, consumer prices increased 2.3 percent, following a 2.2 percent rise in the preceding month. Inflation Rate in Malawi averaged 14.46 percent from 2001 until 2019, reaching an all time high of 37.90 percent in February of 2013 and a record low of 6.30 percent in December of 2010.

Inflation Rate in Malawi is expected to be 10.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Malawi to stand at 6.70 in 12 months time. In the long-term, the Malawi Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

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Malawi Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.40 9.60 37.90 6.30 2001 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-19 11:30 AM Aug 9.5% 9.3% 9.5%
2019-10-21 09:00 AM Sep 9.2% 9.5% 9.7%
2019-11-19 10:15 AM Oct 9.6% 9.2% 9.0%
2019-12-18 08:50 AM Nov 10.4% 9.6% 9.8%
2020-01-20 11:00 AM Dec 10.4% 10.8%

News Stream
Malawi Inflation Rate at 10-Month High of 9.6%
The annual inflation rate in Malawi climbed to 9.6 percent in October 2019 from 9.2 percent in the previous month. It was the highest inflation rate since last December. Food prices rose the most in nearly 3 years (16 percent vs 13.9 percent in September), amid reduced inventories of maize, as some traders have begun hoarding the commodity in anticipation of higher prices later in the year. Meanwhile, inflation slowed for non-food products (4.3 percent vs 5.4 percent), in particular transport (4.4 percent vs 5.5 percent); housing & utilities (2.3 percent vs 4.4 percent) and clothing & footwear (6.9 percent vs 7.3 percent).

Malawi Inflation Rate Climbs to 9.3% in March
The annual inflation rate in Malawi rose to 9.3 percent in March 2019 from 7.9 percent in the prior month, hitting its highest level in three months. In particular, food inflation climbed to 14.4 percent from 10.8 percent in the previous month, reaching the highest level since April 2017, amid food shortages linked to the Cyclone Idai devastation. On a monthly basis, consumer prices went up 0.4 percent, following a 1.3 percent rise in February.

Malawi Inflation Rate
In Malawi, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.

Malawi Prices Last Previous Highest Lowest Unit
Inflation Rate 10.40 9.60 37.90 6.30 percent [+]
Consumer Price Index CPI 119.95 117.29 472.50 42.55 points [+]
Food Inflation 17.20 16.00 113.00 2.00 percent [+]
Cpi Housing Utilities 111.06 111.01 111.06 100.00 points [+]
CPI Transportation 116.14 113.49 214.73 100.17 points [+]