Producer prices in Malta increased 2.0 percent year-on-year in March 2019, easing from a 3.1 percent rise in the previous month. It was the lowest producer inflation since June 2017, as prices went up at a slower pace for intermediate goods (3.84 percent vs 7.27 percent in February) and capital goods (0.15 percent vs 0.24 percent). Meantime, no price changes were recorded within the energy sector. In contrast, cost rose faster for consumer goods (1.65 percent vs 0.87 percent), driven by non-durable consumer goods (1.76 percent vs 0.93 percent). On a monthly basis, producer prices inched up 1.74 percent, following a 0.23 percent decrease in the prior month. Producer Prices Change in Malta averaged -0.46 percent from 2001 until 2019, reaching an all time high of 9.50 percent in October of 2006 and a record low of -9.70 percent in October of 2007.
Producer Prices Change in Malta is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Malta to stand at 2.10 in 12 months time. In the long-term, the Malta Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.