Figures from the National Statistical Office (NSO) show that food prices lowered in January 2020, which led to downward inflation of 0.4 percentage point from 11.5% recorded in December to 11.1% in January.

State produce trader Agricultural Development and Marketing Corporation (Admarc) has also been selling maize at K150 per kg, translating to K7500 per 50kg bag, which is one of the developments on affordable food prices.

On the other hand, According to projections from the Economist Intelligence Unit (EIU), inflation will average 8.8% this year. EIU has justified its prediction to lower global oil prices. The Reserve Bank of Malawi (RBM) missed the inflation target of 9.2% for 2019 by 0.2 percentage points, attributed to rising food prices was a major challenge to monetary policy in 2019.