| National Statistical OfficePublished National Statistical Office data show that Malawi’s year-on-year inflation rate declined to 21.1 percent in June 2026, a 2.3 percentage point reduction from the 23.4 percent recorded in May 2026. During the period under review, transportation recorded the highest year-on-year inflation, registering 49.5 percent followed by clothing and footwear at 37.8 percent and alcohol and tobacco at 35.2 percent. In its 2026 Monetary Policy Report, RBM projected annual inflation rate at 24.8 percent, down from 28.4 percent in 2025, citing persistent risks that could offset easing food prices. We observe that the slowing down in inflation has largely been influenced by declining food prices. “We see this disinflation process being sustained should food prices continue decreasing as expected.”