Malawi inflation slows again in June

Malawi's headline inflation slowed to 8.4 percent year-on-year in June from 8.7 percent in May on a further easing in food inflation, the National Statistical Office (NSO) said on Friday.

Inflation in the southern African country has been on a downward trend since hitting a two-year peak of 10.1 percent year-on-year in January.

"National food inflation continued its downward trend registering a drop of 7.0 percent on the month before," the NSO said.

"Non food inflation has also maintained its downward trend ... at 9.9 percent from 10.1 percent for the last month."

Food inflation, heavily dictated by changes in the price of maize -- the staple food in Malawi -- accounts for about 58 percent in the country's consumer price index.