Producer prices in Malta increased 3.40 percent year-on-year in October 2018, from 3.85 percent in the prior month. It was the lowest producer inflation since January, as cost went up at a softer pace for intermediate goods (7.07 percent vs 8.27 percent in September), while prices remained flat for energy and advanced at the same pace for capital goods (0.33 percent). Contrarily, prices rose slightly more for consumer goods (1.62 percent vs 1.59 percent), led by non-durable goods (1.79 percent vs 1.76 percent) while cost of durable goods was unchanged. On a monthly basis, producer prices edged down 0.35 percent, following a 0.44 percent gain in September. Producer Prices Change in Malta averaged -0.55 percent from 2001 until 2018, 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 3.50 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 3.80 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.