Malawi inflation: “I tell my children not to play so we save soap” - BBC Africa

Malawi has one of the highest inflation rates in Africa – hitting 28.5% this year. In some areas, commodities have been going up daily and earlier this year, a 50kg bag of maize equalled the minimum wage. Malawi’s economic woes are partly down to a shortage of foreign money in the banks, driving businesses to get dollars off the black market, which has a high exchange rate. Businesses say they have been forced to raise their prices steeply to cover for this. Subscribe: http://bit.ly/subscribetoafrica Website: https://www.bbc.com/africa Facebook: https://www.facebook.com/bbcnewsafrica/ Twitter: https://www.twitter.com/bbcafrica/ Instagram: https://www.instagram.com/bbcafrica/