Headline inflation has gone down to 31.8 percent in March 2024, from 33.5 percent in February.
The decline, according to figures from the National Statistical Office, is on account of a drop in food inflation.
The food inflation rate has dropped to 38.8 percent during the month, from 42 percent in February.
Secretary to Treasury, Betchani Tchereni, says coupled with a tight monetary policy stance the Reserve Bank of Malawi is pursuing, the onset of the harvesting season will see inflation rate continue decreasing.
A drop in inflation rate means that the general increase in prices of goods and services is going down.
