Malta Producer Inflation Slows in March

Producer prices in Malta rose 0.9% year-on-year in March 2026, easing slightly from a 1% increase in the previous month. Price growth moderated for intermediate goods (1.6% vs 2.1% in February), while consumer goods prices remained in deflationary territory, though at a softer pace (-0.5% vs -0.6%). Meanwhile, energy costs remained unchanged (0%). At the same time, inflation for capital goods rose to 4.2% from 3.9% in the previous month. By territory, producer price growth slowed in non-domestic markets (0.5% vs 1.1%), while it picked up in domestic markets (1.3% vs 0.9%). On a monthly basis, producer prices fell 0.3% in March, reversing from a 0.6% increase in the preceding period.

Producer prices in Malta rose by 1% year-on-year in February 2026, accelerating from an upwardly revised 0.3% increase in the previous month. It marked the highest reading since January 2024, as prices rebounded markedly in intermediate goods (2% vs -0.9% in January), while remaining unchanged for energy (0%). On the other hand, prices moderated for capital goods (3.9% vs 4.3%). In addition, deflation worsened for consumer goods (-0.6% vs -0.2%), particularly in non-durable consumer goods. By territory, price growth for domestic markets eased to 0.9% in February from 1.5% in the prior month, while prices recovered to 1% in non-domestic markets compared with a 0.9% decline. On a monthly basis, producer prices edged up to 0.6% from 0.4% in January.

Producer prices in Malta fell 0.1% year-on-year in December 2025, marking the first decline in seven months after a 0.5% rise in November. Intermediate goods saw the largest drop (-2.4%), while capital goods prices rose 4.9%, and energy and consumer goods remained unchanged. On the domestic market, prices increased 0.6%, whereas non-domestic prices declined 0.7%. Compared with November, the overall PPI fell 0.5%.