{"id":29765,"date":"2022-08-23T14:46:27","date_gmt":"2022-08-23T14:46:27","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6"},"modified":"2022-08-23T17:14:32","modified_gmt":"2022-08-23T17:14:32","slug":"chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6","title":{"rendered":"Chakwera\u2019s doomed Tonse Alliance grappling with inflation: Pegged at 24.6%"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>President Lazarus Chakwera\u2019s Tonse alliance government is grappling with inflation since he took reigns of power in 2020. Chakwera has failed to contain inflation rate from single digit of 7 % two years ago.<\/p>\n

Malawi\u2019s headline year on year inflation rate for July soared to 24.6 percent from 23.5 percent in June, triggering fears of continued escalation of cost of living and erosion of salary values in peoples\u2019 pockets.<\/p>\n

National Statistics Office (NSO) says during the month under review, food and non-food inflation rates were at 32.5 and 17.5 percent, respectively The national month to month inflation rate for July 2022 stands at 0.9 percent, according to the National Statistics Office.<\/p>\n

Food inflation rate is at 0.7 percent while non-food inflation rate is at 1.1. percent. The recent Reserve Bank of Malawi\u2019s Market Intelligence Report for the month of May, observed that the 25 percent devaluation of Kwacha and the subsequent hike of fuel prices would exert more pressure on the country\u2019s inflation.<\/p>\n

The report, therefore, observed that this may require that monetary policy be recalibrated to contain further deviations of inflation from the medium-term objectives.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. President Lazarus Chakwera\u2019s Tonse alliance government is grappling with inflation since he took reigns of power in 2020. Chakwera has failed to contain inflation rate from single digit of 7 % two years ago. Malawi\u2019s headline year on year inflation rate for July soared to 24.6 percent from 23.5 percent in June, […]<\/p>\n","protected":false},"author":84,"featured_media":29764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,234],"class_list":["post-29765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nChakwera\u2019s doomed Tonse Alliance grappling with inflation: Pegged at 24.6% - Malawi<\/title>\n<meta name=\"description\" content=\"President Lazarus Chakwera\u2019s Tonse alliance government is grappling with inflation since he took reigns of power in 2020 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chakwera\u2019s doomed Tonse Alliance grappling with inflation: Pegged at 24.6%\" \/>\n<meta property=\"og:description\" content=\"President Lazarus Chakwera\u2019s Tonse alliance government is grappling with inflation since he took reigns of power in 2020 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-23T14:46:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-23T17:14:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_12-63050ae26e9eb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Chakwera\u2019s doomed Tonse Alliance grappling with inflation: Pegged at 24.6%\",\"datePublished\":\"2022-08-23T14:46:27+00:00\",\"dateModified\":\"2022-08-23T17:14:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6\"},\"wordCount\":200,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_12-63050ae26e9eb.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/chakweras-doomed-tonse-alliance-grappling-with-inflation-pegged-at-24-6\",\"name\":\"Chakwera\u2019s doomed Tonse Alliance grappling with inflation: Pegged at 24.6% - 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