Mutharika’s Govt Economic Policies,Reforms Bearing Fruits:Inflation Rate At 8.4%
Economic policies and reforms which President Arthur Peter Mutharika’s government put in place are continuing to bear fruits, with Malawi economy being on track and the latest development being that the inflation rate for September 2017 is at 8.4%.
Malawi inflation late was recorded as the highest and worst in the history of the country when it reached 23% when Mutharika took over power from fugitive Joyce Banda.
President Mutharika promised that his government would work tirelessly to make sure that Malawi economy recovers and hits a single digit inflation which has indeed been practical.
So far, the inflation rate of 8.4% percent is among the lowest in the SADC Region as well as globally.
Breaking it down to specific sectors, for urban areas, it is at 8.2% while for rural areas it is at 8.9%.
For food it is 5.1% while for non food items it is 11.6%