Headline inflation— the rate at which commodity prices change in an economy at a given period—went down in June to 27.3 percent from 29.2 percent in the preceding month, thanks to an ease in food prices.

Rise in food prices has pushed Malawi’s year on year inflation to 29.2 percent in May, the highest in 10 years, according to figures from the National Statistical Office.

The slight decrease in transport fares for the short distance below 50 kilometres has pushed down annual headline inflation to 3.7 per cent, according to data from Uganda Bureau of Statistics (Ubos). 

Malawi's central bank cut its benchmark interest rate for the first time this year to boost economic activity, saying inflation and growth are expected to be lower this year than expected in July.