According to the latest figures from the National Statistical Office (NSO), headline inflation went down from 8% in July,  to 7.6% in August 2020.

The above has been attributed to the slow increment of average prices of goods and services last month. Last week, the African Development Bank (AfDB) projected that Malawi’s average annual inflation could rise to 12.2%, attributed to import supply disruptions amidst Covid-19. Prior to the projection by AfDB, figures from the Monetary Policy Committee showed that annual inflation for 2020 has been projected at 9.8%, which is 0.4 percentage points higher than the 9.4% obtained in 2019.

Meanwhile, President Lazarus Chakwera, in his State of the Nation Address (Sona) delivered in Parliament last Friday, quoted the 12.2% as the possible annual inflation rate for 2020.