Malta’s annual inflation rate rose to 0.7 percent in September of 2021 from 0.4 percent in the previous month. It was the highest reading since the same rate in August of 2020, as prices accelerated for food and non-alcoholic beverages (3.5 percent vs 3 percent in August), restaurants and hotels (1.7 percent vs 1.4 percent), furniture (1.2 percent vs 0.9 percent), and recreation and culture (2.3 percent vs 2.2 percent). Meanwhile, inflation slowed for housing and utilities (1.1 percent vs 1.2 percent) and prices fell further for transportation (-0.4 percent vs -0.1 percent). On a monthly basis, consumer prices went down 0.9 percent, after a 0.8 percent increase in the prior month. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.76 percent from 2005 until 2021, 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. 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 October of 2021.
Inflation Rate in Malta is expected to be 1.00 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 1.90 percent in 2022, according to our econometric models.