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Monday, October 22, 2018

Price hikes push up inflation to 9.5% - The Nation Online

Price hikes push up inflation to 9.5% - The Nation Online: . Rising electricity tariffs is expected to put pressure on inflation In September, Malawi Energy Regulatory Authority (Mera) increased the price of fuel by an average of five percent, a development which compelled service providers to push up their prices as well. During the same month, Mera also approved a 31.8 percent tariff hike for Electricity Supply Corporation of Malawi (Escom) over a four-year period. Maize prices, on the other hand, have also gone up to an average of K7 500 per 50 kilogramme (kg) bag from an average of K5 000 per 50 kg bag some months before. 

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