Malta's annual inflation rate rose to a six-month high of 1.7 percent in April 2019 from 1.3 percent in the previous month, with upward pressure coming from: restaurants & hotels (3.3 percent vs 1.5 percent); food & non-alcoholic beverages (3.8 percent vs 3.5 percent); transport (1.4 percent vs 1.5 percent); recreation & culture (0.8 percent vs 0.1 percent); housing & utilities (2.3 percent vs 2.5 percent); and miscellaneous goods & services (1.7 percent vs 2.1 percent). On a monthly basis, consumer prices jumped 3 percent, after a 1 percent gain in March. Inflation Rate in Malta averaged 1.91 percent from 2005 until 2019, 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 1.60 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 2.00 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.