The annual inflation rate in Malawi climbed to 11.5 percent in December 2019 from 10.4 percent in the previous month. It was the highest inflation rate since May 2017, as prices continued to surge for food (19.3 percent vs 17.2 percent in November), amid shortages of maize caused by armyworms infestation. Cost also rose faster for non-food products (4.9 percent vs 4.7 percent). On a monthly basis, consumer prices went up 2.2 percent, after increasing 2.3 percent in the prior month. Inflation Rate in Malawi averaged 14.45 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 8.50 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 6.30 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.