Malawi’s annual inflation rate eased to 24.1% in February 2026, the lowest level since July 2022, down from 24.9% in January. The slowdown was largely due to food inflation, which fell to 20.8% from 22.1% in the previous month. In contrast, non-food inflation edged up to 30% from 29.8%. This increase was mainly attributed to stronger price pressures in housing and utilities, alcoholic beverages and tobacco, and transport, largely linked to higher fuel prices. On a monthly basis, consumer prices rose 3.2%, down from 3.7% in the previous month. source: National Statistical Office of Malawi

Inflation Rate in Malawi decreased to 24.10 percent in February from 24.90 percent in January of 2026. Inflation Rate in Malawi averaged 16.21 percent from 2001 until 2026, reaching an all time high of 37.90 percent in February of 2013 and a record low of 6.30 percent in December of 2010. This page provides the latest reported value for - Malawi Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malawi Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Inflation Rate in Malawi decreased to 24.10 percent in February from 24.90 percent in January of 2026. Inflation Rate in Malawi is expected to be 22.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malawi Inflation Rate is projected to trend around 20.00 percent in 2027 and 17.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-17 04:30 PM
Inflation Rate YoY
Jan 24.9% 26.0% 24.7%
2026-03-16 01:20 PM
Inflation Rate YoY
Feb 24.1% 24.9% 24.3%
2026-04-17 02:00 PM
Inflation Rate YoY
Mar 22.0%


Related Last Previous Unit Reference
Consumer Price Index CPI 291.60 282.50 points Feb 2026
CPI Housing Utilities 222.60 216.90 points Nov 2025
CPI Transportation 216.10 213.30 points Nov 2025
Food Inflation 20.80 22.10 percent Feb 2026
Inflation Rate YoY 24.10 24.90 percent Feb 2026


Malawi Inflation Rate
In Malawi, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.
Actual Previous Highest Lowest Dates Unit Frequency
24.10 24.90 37.90 6.30 2001 - 2026 percent Monthly
2021M12=100

News Stream
Malawi Inflation Rate Eased in January
Malawi’s annual inflation rate eased to 24.1% in February 2026, the lowest level since July 2022, down from 24.9% in January. The slowdown was largely due to food inflation, which fell to 20.8% from 22.1% in the previous month. In contrast, non-food inflation edged up to 30% from 29.8%. This increase was mainly attributed to stronger price pressures in housing and utilities, alcoholic beverages and tobacco, and transport, largely linked to higher fuel prices. On a monthly basis, consumer prices rose 3.2%, down from 3.7% in the previous month.
2026-03-16
Malawi Inflation Rate Softens to 3-1/2-Year Low of 24.9%
The annual inflation rate in Malawi eased for the third month to 24.9% in January 2026, the lowest since July 2022, compared to December's 26%. Food inflation slowed to 22.1% in January from 26.5% in December, while non-food inflation accelerated to 29.8% from 25.2% in the previous month. On a monthly basis, the CPI rose by 3.7%, after a 3% increase in the prior month.
2026-02-17
Malawi Inflation Rate at 3-Year Low
The annual inflation rate in Malawi slowed to 26.0% in December 2025 from 27.9% in the previous month. This marked the lowest level since January 2023, as price pressures eased, particularly across food categories. Food inflation eased to 26.5% from 30.1% in the previous month. In contrast, non-food inflation rose to 25.2% from 24.2%, reflecting higher costs for housing, transport, and clothing. On a monthly basis, consumer prices increased 3.0% in December, following a 2.2% rise in each of the previous three months, marking the fastest monthly rise since February. For the full year of 2025, average inflation stood at 28.4% compared with 32.2% recorded in 2024.
2026-01-14