The annual inflation rate in Malta fell to 1.6 percent in September 2019 from 1.9 percent in the previous month. It was the lowest inflation rate in six months, as prices slowed for food & non-alcoholic beverages (3 percent from 3.6 percent in August); restaurant & hotels (2 percent from 2.1 percent); transport (1.4 percent from 1.8 percent); recreation & culture (2.3 percent from 2.6 percent); housing & utilities (2.2 percent from 2.3 percent); miscellaneous goods & services (2.3 percent from 3 percent) and communication (0.2 percent from 0.7 percent). Meanwhile, cost of health advanced further (1.7 percent from 1.5 percent). On a monthly basis, consumer prices dropped 1.1 percent, after increasing 0.8 percent in the prior month. Inflation Rate in Malta averaged 1.90 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 2.20 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.