Malawi's consumer price index (CPI) rose slightly in January 2024, reaching 35% compared to the previous year. The data, which was updated on 16 February 2024, shows a marginal increase from the previous indicator of 34.5%.
The CPI is a measure of changes in the prices of goods and services consumed by households. In this case, the year-over-year comparison indicates that prices have continued to rise at a steady pace.
While the specific reasons behind the increase in inflation are not mentioned, rising prices can impact the purchasing power of consumers and potentially lead to a decrease in overall economic activity. Policymakers will likely keep a close eye on this trend and take necessary measures to mitigate its effects on the economy and households.
