#Malawi: Soaring food, fuel prices push inflation to 37.9 pct in Feb

Rising fuel prices have sparked protests across the country.
Rising fuel prices have sparked protests across the country.
Malawi’s consumer headline inflation rose to 37.9 percent year-on-year in February compared to 35.1 percent in January, the National Statistics Office (NSO) said in a statement on Monday

The NSO said inflationary pressures were coming from soaring maize and petrol prices which have left many families, mainly in the urban areas, going on empty stomachs.

Prices for Maize, the staple food, have gone up by over 50 percent in recent months. Last month, fuel prices went up by an average of 2.2 percent, the second adjustment this year.

Irked by the rising prices of commodities, Consumers Association of Malawi in January this year took to the streets in the first ever protests against President Joyce Banda who came to power last April following the death of President Bingu wa Mutharika.