RBM upbeat on inflation outlook (The Nation)

The Nation (Malawi) stated in an article that The Reserve Bank of Malawi (RBM) says the country’s inflation outlook remains favorable owing to a surplus in maize output last year and a forecast of a similar trend this year. IFPRI’s Malawi Maize Monthly Market Report was referenced. According to IFPRI, showed that maize prices rose by six percent in December 2020 alone. The IFPRI-Malawi maize outlook and supply update showed that the grain prices, currently at an average price of K200 per kilogram (kg) or K10 000 per 50 kg bag, are two percent higher than the previous month (November) and are the highest in Southern African Development Community markets.