According to the Basic Needs Basket (BNB) study conducted by the Centre for Social Concern (CfSC), the cost of living has risen by 8.7%.

Th study has attributed the above to rising food prices, which are pushing more Malawians into poverty even amidst a recently increased minimum wage is at K35 000 per month.

Last year, the CEO of National Bank of Malawi (NBM) Macfussy Kawawa, said that the cost of credit on the local market remains high for the majority of Malawians.