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