Malta Inflation Rate Steady in November

Malta’s annual inflation rate eased to 2.3% in January 2026 from an upwardly revised 2.5% in December, marking the lowest level since March 2025. Prices slowed in transport (1.6% vs 2.7%), housing and utilities (1.7% vs 1.8%), furnishings, household equipment and routine maintenance (1.8% vs 2.2%), and alcoholic beverages and tobacco (1.7% vs 2.2%). At the same time, costs were unchanged for food and non-alcoholic beverages (3.7%) and health (3.3%). Meanwhile, inflation rose in recreation and culture (3.9% vs 3.4%), education (4.4% vs 4.3%), restaurants and hotels (3.7% vs 3.1%), and miscellaneous goods and services (3.8% vs 3.5%), while deflation eased for clothing and footwear (-2.7% vs -3.2%) and communication (-2.6% vs -5.5%). On a monthly basis, consumer prices fell 0.6%, following a 0.4% decline in the previous month.

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.

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.