Inflation Malawi 2022
Average inflation: 20.9%
Current Inflation
Inflation is very high at 20.9%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 26.7%. The lowest inflation was in January at 12.1%.
- Highest month
- October: 26.7%
- Lowest month
- January: 12.1%
- Difference
- 14.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 26.8%. The lowest price increase was in Energy with an average of 18.3%.
- Highest increase
- Food: 26.8%
- Lowest increase
- Energy: 18.3%
Historical Context
Current inflation is 8.8% higher than the 5-year average of 12.1%.
- 5-year average
- 12.1%
- 10-year average
- 16.7%
- All-time high (2013)
- 27.6%
- All-time low (2011)
- 7.6%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +11.6 percentage point.
- Change vs. previous year
- +11.6 percentage points
- Largest monthly swing
- August: +17.1 percentage points
ECB Target
Inflation is 18.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €120.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 12.1% | +4.4 |
| February | 13.0% | +4.7 |
| March | 14.1% | +3.9 |
| April | 15.7% | +6.5 |
| May | 19.1% | +10.2 |
| June | 23.5% | +14.4 |
| July | 24.6% | +15.9 |
| August | 25.5% | +17.1 |
| September | 25.9% | +17.0 |
| October | 26.7% | +16.9 |
| November | 25.8% | +14.7 |
| December | 25.4% | +13.9 |
| Average | 20.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.