Inflation expected to reach 10% in Malawi

maize — Photo: Stephen Morrison/Africa Practice

- Central Banking Newsdesk
- 19 Oct 2018

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The Reserve Bank of Malawi expects inflation to breach 10%, double its target level, by the end of 2018.

In the central bank’s latest monetary policy report, published on October 17, the central bank’s forecasts were revised. Year-on-year consumer price index inflation for the third and fourth quarters is now projected at 9.3% and 10.1%.

“With these assumptions, inflation is projected to average 9% in 2018,” the central bank said. The central bank has an inflation target of 5%, but the CPI

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