Pangs of rising inflation (The Times Group)
- Impact Area
The Times Group (Malawi) published an article stating that the past year, 2022, will be a period to forget for consumers, as rising inflation shook homes in Malawi. Prices of basic commodities such as foodstuffs, clothing, and shelter (rent) were seen rising to levels most Malawians described as unbearable.
The International Food Policy Research Institute (IFPRI) reported that in January 2022, maize retail prices averaged K191 per kilogram (kg), representing K9,550 per 50kg per bag.
There is a need for the authorities from both the monetary and fiscal fronts to work together if Malawians are to be spared from the pangs of inflation in 2023.