Malawi Inflation Rate Eased in May

2026-06-19 14:21 By Larissa Caser 1 min. read

The annual inflation rate in Malawi eased to 23.4% in May 2026, down from 24.3% in April.

Food costs, which continue to be the main driver of inflation in Malawi, eased to 17.6% from 19.1% in the previous month, particularly cereals such as rice, maize, and maize flour, moderated.

Non-food prices increased by 33%, from 33.2%, with upward price pressures from housing and utilities and transportations.

On a monthly basis, consumer prices declined by 0.2% after a 2.9% drop in April.



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Malawi Inflation Rate Eased in May
The annual inflation rate in Malawi eased to 23.4% in May 2026, down from 24.3% in April. Food costs, which continue to be the main driver of inflation in Malawi, eased to 17.6% from 19.1% in the previous month, particularly cereals such as rice, maize, and maize flour, moderated. Non-food prices increased by 33%, from 33.2%, with upward price pressures from housing and utilities and transportations. On a monthly basis, consumer prices declined by 0.2% after a 2.9% drop in April.
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Malawi's annual inflation rate eased to 23.8% in March 2026, marking a new lowest level since July 2022, down from 24.1% in February. Food inflation slowed, edging down to 20% from 20.8% in the previous month. In contrast, non-food inflation rose to 30.7% from 30% in February. On a monthly basis, consumer prices rose 0.6%, easing from a 3.2% increase in February.
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