Malta’s annual inflation rate rose to 2.6 percent in December of 2021 from 2.4 percent in the previous month. Although closing the year as the EU member state with the lowest inflation rate, December's reading was the highest reading since 2012, as prices accelerated for food and non-alcoholic beverages (4.9 percent vs 4 percent in November), restaurants and hotels (3.6 percent vs 3.2 percent), and furnishing and household maintenance (2 percent vs 1.7 percent). On the other hand, prices rose at a steady rate for recreation and culture (at 5.1 percent), while inflation slowed for housing and utilities (2.5 percent vs 2.7 percent) and clothing and footwear (0.4 percent vs 1.8 percent). On a monthly basis, consumer prices remained unchanged, following a 2.4 percent decrease in the prior month. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.76 percent from 2005 until 2021, 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 January of 2022.
Inflation Rate in Malta is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta Inflation Rate is projected to trend around 1.50 percent in 2023, according to our econometric models.