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Interest rates advertised by Malawi Savings Bank in Nchalo, Malawi on 30 September 2008 Exchange rates advertised by a currency trader in Lilongwe on 7 October 2008 Reserve Bank of Malawi Mzuzu Branch under construction in Mzuzu, a fast-growing city. July 2008. GDP - real growth rate: 4% (2017 est.)
July 2024 data showed that the inflation rate had dropped to 2.9%, the lowest since March 2021, with used car prices returning to normal following the 2020–2023 global chip shortage. [182] Increases in rent, [183] childcare [184] and electricity [185] still outpaced inflation at around 5%.
16 May – A man in Mponela is convicted of insulting President Lazarus Chakwera after posting an animated TikTok video of him dancing. [1]10 June – 2024 Chikangawa Dornier 228 crash: A Malawi Defence Force aircraft carrying Vice-President Saulos Chilima, former First Lady Patricia Shanil Muluzi and seven other people crashes in the Chikangawa Forest Reserve, killing everyone on board.
17 November – Police fired tear gas to quell an anti-government protest against deteriorating economic conditions and rising cost of living in Malawi. Hundreds of people poured onto the streets of the southern commercial hub of Blantyre, calling on President Lazarus Chakwera’s administration to take immediate steps to rein in soaring prices ...
Inflation eased in April 2024 after several months of rising costs, but shelter costs remain an issue. ... The inflation rate was 3.5% for the 12-month period ending in March and 3.2% for the year ...
Inflation rates among members of the International Monetary Fund in April 2024 UK and US monthly inflation rates from January 1989 [1] [2] In economics, inflation is a general increase in the prices of goods and services in an economy. This is usually measured using a consumer price index (CPI).
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 5.0% over the prior year in March, a slowdown from February's0.4% month-over-month increase and 6% annual gain.
The kwacha (/ ˈ k w æ tʃ ə /; ISO 4217: MWK, official name Malawi Kwacha [2]) is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala . The kwacha replaced other types of currency, namely the British pound sterling , the South African rand , and the Rhodesian dollar , that had previously circulated ...