FORMER finance minister Ng’andu Magande has wondered how people could expect the prices of mealie meal this year to be less than they were last year. He says low inflation does not mean that prices of commodities will reduce. In an interview, Wednesday, Magande explained that inflation reflects the rate at which prices increase. “In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price levels rise, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. Last year this time, the prices of maize or mealie might have gone up by 10 percent and one would have...