Inflation expected to reach 10% in Malawi
Rising electricity, food and fuel prices forces inflation well beyond central bank target
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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