Malta's annual inflation rate was at 0.7 percent in August 2020, the same as in the previous month. It remained the lowest inflation rate since October 2016, as prices continued to fall for transport (-1.6 percent vs -1.5 percent in July); education (-7.7 percent vs -9.6 percent) and furnishings (-0.8 percent vs -0.9 percent). Also, cost slowed for food & non-alcoholic beverages (2.3 percent vs 2.6 percent); housing & utilities (1.2 percent vs 1.3 percent); clothing & footwear (3.1 percent vs 3.7 percent); and miscellaneous goods & services (2 percent vs 2.2 percent). In addition, inflation was steady for restaurants & hotels (at 1.2 percent) and alcoholic beverages & tobacco (at 0.3 percent). Meanwhile, prices increased further for recreation & culture (0.3 percent vs 0.1 percent). On a monthly basis, consumer prices went up 0.7 percent, after being flat in the prior month.
Inflation Rate in Malta averaged 1.86 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 September of 2020.
Inflation Rate in Malta is expected to be 0.60 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 1.30 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.