Inflation back to single digit

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Malawi’s headline inflation went back to single digit in December as it hit 9.9 percent just after a one month in double digit, the National Statistical Office (NSO) has announced.

Falling fuel prices help easing inflation Falling fuel prices help easing inflation

In November, headline inflation hit 10.1percent as food and fuel prices went up.

But two fuel price slashes in recent months have helped to ease pressure on prices.

In its December inflation update released on Friday, NSO said headline inflation eased by 0.2 percentage points from 10.1percent to 9.9 percent.

The development means inflation averaged 9.2percent in 2018 as compared to 11.5percent in 2017.

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