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.