The annual inflation rate in Malawi dropped to 9.4 percent in April of 2020 from 9.8 percent in March, reaching its lowest level since last September, as prices slowed for both food (14.6 percent vs 14.7 percent in March) and non-food products (5 percent vs 5.1 percent). On a monthly basis, consumer prices slumped 4.2 percent, the most since August of 1999, after decreasing 0.7 percent in the previous month. Inflation slowed in both rural areas (11.7 percent vs 12.1 percent) and urban areas (6.6 percent vs 6.7 percent).
Inflation Rate in Malawi averaged 14.37 percent from 2001 until 2020, 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. This page provides the latest reported value for - Malawi Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malawi Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Inflation Rate in Malawi is expected to be 9.00 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 8.40 in 12 months time. In the long-term, the Malawi Inflation Rate is projected to trend around 7.60 percent in 2021 and 5.00 percent in 2022, according to our econometric models.