Malta’s annual inflation rate slowed to 2.1% in May 2026 from 2.5% in the previous month. This also marked the lowest reading since March 2025, mainly driven by continued price declines in clothing and footwear (-4.3% vs -5.8% in April). Prices also fell further for information and communication (-2.5% vs -2.4%) and insurance and financial services (-2.5% vs -2.4%). At the same time, inflation eased for food and non-alcoholic beverages (2.0% vs 3.8%), furnishings, household equipment and maintenance (2.4% vs 2.8%), recreation, sports and culture (3.9% vs 4.4%), restaurants and accommodation services (3.6% vs 4.0%), and miscellaneous goods and services (3.0% vs 3.1%). In contrast, prices rose further for alcoholic beverages and tobacco (1.5% vs 1.3%), housing and utilities (2.5% vs 2.3%), and transport (2.9% vs 2.5%). On a monthly basis, consumer prices rose 1.4% in May, easing from a 3.4% gain in the preceding month. source: National Statistics Office, Malta

Inflation Rate in Malta decreased to 2.10 percent in May from 2.50 percent in April of 2026. Inflation Rate in Malta averaged 2.38 percent from 1997 until 2026, reaching an all time high of 7.40 percent in September of 2022 and a record low of -1.08 percent in April of 2007. This page provides the latest reported value for - Malta Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malta Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Inflation Rate in Malta decreased to 2.10 percent in May from 2.50 percent in April of 2026. Inflation Rate in Malta is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta Inflation Rate is projected to trend around 2.40 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-20 09:00 AM
Inflation Rate YoY
Apr 2.5% 2.3% 2.7%
2026-06-17 09:00 AM
Inflation Rate YoY
May 2.1% 2.5% 2.6%
2026-07-17 09:00 AM
Inflation Rate YoY
Jun 2.1% 3.2%


Related Last Previous Unit Reference
Retail Price Index 125.22 124.88 points May 2026
CPI Housing Utilities 102.18 102.11 points May 2026
CPI Transportation 104.37 102.88 points May 2026
GDP Deflator 122.12 123.15 points Mar 2026
Harmonised Consumer Prices 103.76 102.33 points May 2026
Harmonised Inflation Rate MoM 1.40 3.40 percent May 2026
Harmonised Inflation Rate YoY 2.10 2.50 percent May 2026
Inflation Rate YoY 2.10 2.50 percent May 2026
Inflation Rate MoM 1.40 3.40 percent May 2026
Producer Prices 109.40 109.28 points Apr 2026
PPI YoY 0.90 0.90 percent Apr 2026


Malta Inflation Rate
In Malta, the most important categories in the consumer price index are Food and Non-Alcoholic Beverages accounts for 18 percent and Restaurant and Hotels for 15 percent; Transport for 12 percent; and Housing and Utilities for 10 percent. The index also includes: Furnishings, Household Equipment and Maintenance (9 percent); Miscellaneous Goods and Service (8 percent); and Recreation and Culture (8 percent). Health; Clothing and Footwear; Communication; Alcoholic Beverages and Tobacco; and Education account for the remaining 20 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.50 7.40 -1.08 1997 - 2026 percent Monthly
2015=100, NSA

News Stream
Malta Inflation Slows to Over 1-Year Low
Malta’s annual inflation rate slowed to 2.1% in May 2026 from 2.5% in the previous month. This also marked the lowest reading since March 2025, mainly driven by continued price declines in clothing and footwear (-4.3% vs -5.8% in April). Prices also fell further for information and communication (-2.5% vs -2.4%) and insurance and financial services (-2.5% vs -2.4%). At the same time, inflation eased for food and non-alcoholic beverages (2.0% vs 3.8%), furnishings, household equipment and maintenance (2.4% vs 2.8%), recreation, sports and culture (3.9% vs 4.4%), restaurants and accommodation services (3.6% vs 4.0%), and miscellaneous goods and services (3.0% vs 3.1%). In contrast, prices rose further for alcoholic beverages and tobacco (1.5% vs 1.3%), housing and utilities (2.5% vs 2.3%), and transport (2.9% vs 2.5%). On a monthly basis, consumer prices rose 1.4% in May, easing from a 3.4% gain in the preceding month.
2026-06-17
Malta Inflation Hits 4-Month High
Malta’s annual inflation rate rose 2.5% in April 2026, following 2.3% in the previous three months, marking the highest reading in four months. Prices increased in food and non-alcoholic beverages (3.8% vs 3.2% in March), furnishings and household equipment (2.8% vs 2.4%), transportation (2.5% vs 2%), and restaurants and hotels (4% vs 3.9%). Additionally, deflation slowed for information and communication (-2.4% vs -3.6%) and insurance and financial services (-0.1% vs -0.3%). Meanwhile, costs moderated for alcoholic beverages and tobacco (1.3% vs 1.4%), housing and utilities (2.3% vs 2.4%), health (3.1% vs 3.3%), recreation and culture (4.4% vs 4.6%), education (3.1% vs 3.6%), and miscellaneous goods and services (3.1% vs 3.6%). On a monthly basis, consumer prices advanced 3.4% in April, following a 1.2% increase in the preceding period.
2026-05-20
Malta Inflation Rate Unchanged in March
Malta’s annual inflation rate stood at 2.3% in March 2026, unchanged from the previous two months. It remained the lowest reading since March 2025, as prices were steady for health (3.3%), while costs increased for housing and utilities (2.4% vs 1.7% in February), furnishings and household equipment (2.4% vs 1.6%), recreation and culture (4.6% vs 4.1%), and restaurants and hotels (3.9% vs 3.6%). At the same time, deflation slowed for information and communication (-3.6% vs -4.1%) and insurance and financial services (-0.3% vs -1.1%). Meanwhile, costs decreased for food and alcoholic beverages (3.2% vs 3.5%), transportation (2% vs 2.1%), education (3.6% vs 4.4%), and miscellaneous goods and services (3.6% vs 3.9%). On a monthly basis, consumer prices rose by 1.2% in March, following a 0.4% growth in the preceding period.
2026-04-16