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Tuesday, June 19, 2012

Malawi inflation hits seven-year high in May



Tue Jun 19, 2012 10:13am GMT

JOHANNESBURG, June 19 (Reuters) - Consumer prices in Malawi jumped to a seven-year high in May as fuel and electricity costs shot up after the kwacha currency was devalued by more than 30 percent in early May.



The National Statistics Office said headline inflation accelerated to 17.3 percent year-on-year in May from 12.4 percent in April.



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