A recently published Comesa Harmonised Consumer Price Index (CPI) Monthly News Release has revealed that Malawi’s current inflation rate of 9.5% is more than twice lower than the average inflation rate set by the Common Market for Eastern and Southern Africa (Comesa).

The development marks s a milestone, considering that in 2012, Malawi’s consumer inflation was one of the highest in the Comesa region, registering a shocking 21.4%, but since then the country has turned the corner reducing inflation to single digits.

Prior to the news by Comesa, the Economics Association of Malawi (Ecama) said it expects inflation to continue lowering in the coming months, estimating it to be at 8.9% by December 2019. On the other hand, the Reserve Bank of Malawi (RBM) says the recent trends on maize market will see a downward inflation rate.