Annual inflation rate in Malta decreased to 2.1 percent in October of 2018 from 2.5 percent in the previous month. It was the lowest inflation rate since July, as prices slowed for restaurant & hotels (3.4 percent from 4.1 percent in September); transport (1.3 percent from 3.8 percent); household goods & maintenance (0.8 percent from 2.5 percent) and alcoholic beverages & tobacco (1.2 percent from 1.3 percent). On the other hand, cost rose faster for food & non-alcoholic beverages (4 percent from 3.3 percent); housing & utilities (1.1 percent from 0.6 percent) and health (0.5 percent from 0.2 percent). Meantime, prices continued to decline for recreation & culture (-1 percent, the same as in September); communication (-1.1 percent from -1.9 percent) and education (-1.6 percent from -0.8 percent) while cost rebounded for clothing & footwear (0.4 percent from -1.1 percent). On a monthly basis, consumer prices went down 1.2 percent, following a 0.8 percent drop in September. Inflation Rate in Malta averaged 1.93 percent from 2005 until 2018, reaching an all time high of 5.74 percent in October of 2008 and a record low of -1.08 percent in April of 2007.
Inflation Rate in Malta is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Malta to stand at 2.10 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.