Malta’s annual inflation rate slowed to 2.4% in December 2025 from 2.5% in the previous month. This also marked the lowest reading since September, mainly driven by ongoing costs deflation for clothing and footwear, which dropped by 3.2%, deepening from a 1.7% fall in November. Prices also declined further for communication (5.5% vs 5%), while inflation softened for restaurants and hotels (3.1% vs 4%). In contrast, costs continued to increase for food and non-alcoholic beverages (3.7% vs 3.4%), furnishings, household equipment and maintenance (2.2% vs 1.2%), and transport (2.7% vs 2.2%). On a monthly basis, consumer prices decreased by 0.4% in December, reversing a 0.7% gain in the preceding period. source: National Statistics Office, Malta

Inflation Rate in Malta decreased to 2.40 percent in December from 2.50 percent in November of 2025. Inflation Rate in Malta averaged 2.39 percent from 1997 until 2025, 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 February of 2026.

Inflation Rate in Malta decreased to 2.40 percent in December from 2.50 percent in November of 2025. 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. In the long-term, the Malta Inflation Rate is projected to trend around 1.90 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-17 10:00 AM
Inflation Rate YoY
Nov 2.5% 2.5% 2.6%
2026-01-19 10:00 AM
Inflation Rate YoY
Dec 2.4% 2.5% 2.4%
2026-02-24 10:00 AM
Inflation Rate YoY
Jan 2.4% 2.2%


Related Last Previous Unit Reference
Retail Price Index 123.43 123.93 points Dec 2025
CPI Housing Utilities 130.96 130.91 points Dec 2025
CPI Transportation 116.54 116.82 points Dec 2025
GDP Deflator 120.60 119.71 points Sep 2025
Harmonised Consumer Prices 97.63 98.04 points Jan 2026
Harmonised Inflation Rate MoM -0.40 -0.40 percent Jan 2026
Harmonised Inflation Rate YoY 2.50 2.50 percent Jan 2026
Inflation Rate YoY 2.40 2.50 percent Dec 2025
Inflation Rate MoM -0.40 0.70 percent Dec 2025
Producer Prices 108.30 108.83 points Dec 2025
PPI YoY -0.10 0.50 percent Dec 2025


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
2.40 2.50 7.40 -1.08 1997 - 2025 percent Monthly
2015=100, NSA

News Stream
Malta Inflation Eases to 3-Month Low
Malta’s annual inflation rate slowed to 2.4% in December 2025 from 2.5% in the previous month. This also marked the lowest reading since September, mainly driven by ongoing costs deflation for clothing and footwear, which dropped by 3.2%, deepening from a 1.7% fall in November. Prices also declined further for communication (5.5% vs 5%), while inflation softened for restaurants and hotels (3.1% vs 4%). In contrast, costs continued to increase for food and non-alcoholic beverages (3.7% vs 3.4%), furnishings, household equipment and maintenance (2.2% vs 1.2%), and transport (2.7% vs 2.2%). On a monthly basis, consumer prices decreased by 0.4% in December, reversing a 0.7% gain in the preceding period.
2026-01-19
Malta Inflation Rate Steady in November
Malta's annual inflation rate stood at 2.5% in November 2025, unchanged from the previous period. Prices edged up for food and non-alcoholic beverages (3.4% vs 3.3% in October), housing and utilities (1.7% vs 1.6%), alcoholic beverages and tobacco (1.8% vs 1.7%), health (2.9% vs 2.8%), restaurants and hotels (4% vs 3.7%), and recreation and culture (3.6% vs 3.3%). Moreover, deflation softened for clothing and footwear (-1.7% vs -2.9%). On the other hand, costs moderated for transport (2.2% vs 3.2%), furnishings, household equipment and routine household maintenance (1.2% vs 1.3%), and miscellaneous goods and services (3.5% vs 3.8%). In addition, deflation worsened for communication (-5% vs -4%). On a monthly basis, consumer prices rose 0.7% in November, rebounding from a 0.9% fall in the previous month.
2025-12-17
Malta Inflation Rate Edges Up in October
Malta’s annual inflation rate edged up to 2.5% in October 2025, following a six-month low of 2.4% in the previous month. Prices increased at a faster pace for housing and utilities (1.6% vs 0.7% in September), transport (3.2% vs 2.3%), recreation and culture (3.3% vs 2.4%), restaurants and hotels (3.7% vs 3.4%), and miscellaneous goods and services (3.8% vs 3.7%). At the same time, price growth remained steady for alcoholic beverages and tobacco (1.7%) and health (2.8%). In contrast, prices moderated for food and non-alcoholic beverages (3.3% vs 3.6%), furnishings, household equipment and routine household maintenance (1.3% vs 1.7%) and education (4.3% vs 5.2%), while deflation continued for clothing and footwear (-2.9% vs -0.7%) and communication (-4.0% vs -3.4%). On a monthly basis, consumer prices fell by 0.9% in October, easing from a 1.3% decline in the previous month.
2025-11-19