When you run out of fuel without chigubu 😛 https://files.sovbit.host/media/fc15d4c6837f0e59e96482a685902427a304ec6b45e7df1717cf5819fba62950/f82980b4b60c69d2acfad376078a81f359a67d4501bc8471262c4fd1614cf23a.webp 

 https://image.nostr.build/d25ccc5216885a82cdfe45f8c1ca3392933463346f5357696ee136934363dba5.jpg This Daily Times clipping mandates a maximum price of K0.27 for a beer. Today the same beer costs about K4,000 in a hotel. Apparently even in this distant past, the government knew better and thought it wise to interfere with the economy, yet the price of a beer  has increased by a factor of 14,815 since then. If anyone knows which year this may have been from, it would be interesting to calculate the average annual inflation for this period. 🍻
#malawi #inflation 

 https://image.nostr.build/106458399212a196ca2ae5e3a684dfa4f3a3822f538284e8be3d5fa9c71d1040.jpg Ethiopian Airlines has suspended ticketing in Malawi (again). The financial situation is progressively deteriorating in the country due to the unsustainable trade deficit.
#malawi #forex #trade #iata 

 https://image.nostr.build/989395fbdffcf9847bc268a19162fc98ca5ecd02644d5eadb6e8a2393ac6d560.jpg
The staple food in Malawi is refined white maize. It's price increase is more moderate than that of imported goods, as it is locally produced and often at a subsistence (read labour intensive) level. More than half of Malawi's CPI is made up of food (most of which is likely maize). It is quite possible that the poorer half of the population spends this percentage on food. Contrast with the US CPI weight where food only has a 13% representation. This shows how very personal inflation is and how the number might be manipulated to fit a narrative. #inflation #malawi

Winston Chruchill famously said: "I only believe in statistics that I doctored myself".  

Sources:
https://www.bls.gov/cpi/tables/relative-importance/historical-cost-weights-cpi-u.xlsx
https://cms.nsomalawi.mw/api/download/399/NSO-CPI-September--2024---Stats-Flash.xlsx