The annual inflation rate in Malta edged down to 0.1 percent in February of 2021, from 0.2 percent in each of the previous 3 months. It is the lowest reading since December of 2009, amid falling prices for transport (-1.1 percent vs -0.7 percent); restaurants & hotels (-0.2 percent vs -0.2 percent) and communication (-0.7 percent vs -0.7 percent). Also, cost of food and non-alcoholic beverages was flat after rising 0.1 percent in January. In contrast, the largest upward impacts came from cost of housing and utilities (0.7 percent vs 0.5 percent); recreation and culture (0.9 percent vs -0.1 percent in January); and health services (2.0 percent vs 1.9 percent). On a monthly basis, consumer prices increased by 0.5 percent, following a 1.3 percent decline in the month prior. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.83 percent from 2005 until 2020, 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 April of 2021.
Inflation Rate in Malta is expected to be 0.80 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 1.50 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 1.90 percent in 2022, according to our econometric models.