Malta’s annual inflation rate rose for the 11th straight month to 5.8 percent in May of 2022, from 5.4 percent in the prior month. It was the highest inflation rate since records began in 1997, mainly due to steep rises in prices of food & non-alcoholic beverages (10.4 percent vs 9.0 percent in April) and housing & utilities (8.8 percent vs 8.6 percent). Additional upward pressure came from prices of transport (5.6 percent vs 4.7 percent), and recreation & culture (7.3 percent vs 7.0 percent). On a monthly basis, consumer prices went up 1.7 percent, slowing from a 16-year high rise of 3.7 percent in the previous month. source: National Statistics Office, Malta

Inflation Rate in Malta averaged 2.15 percent from 1997 until 2022, reaching an all time high of 5.80 percent in May of 2022 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 June of 2022.

Inflation Rate in Malta is expected to be 6.00 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 3.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Malta Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 09:00 AM Apr 5.4% 4.5% 7%
2022-06-17 09:00 AM May 5.8% 5.4% 5.6%
2022-07-15 09:00 AM Jun 5.8%


Related Last Previous Unit Reference
Inflation Rate 5.80 5.40 percent May 2022
Inflation Rate Mom 1.70 3.70 percent May 2022
Consumer Price Index CPI 110.30 108.25 points Apr 2022
Harmonised Consumer Prices 112.52 108.46 points Apr 2022
GDP Deflator 87.31 88.26 points Mar 2022
Producer Prices 116.20 116.82 points Apr 2022
Producer Prices Change 5.30 5.70 percent May 2022
CPI Transportation 107.82 107.27 points May 2022
CPI Housing Utilities 116.11 115.88 points May 2022

Malta Inflation Rate
In Malta, the most important category in the consumer price index is Restaurant and Hotels (17.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.2 percent; Transport for 13.4 percent; Recreation and Culture for 10.5 percent; Housing and Utilities for 8.3 percent and Miscellaneous Goods and Service for 8 percent. Household Goods and Maintenance; Clothing and Footwear; Health; Alcoholic Beverages and Tobacco; Communication and Education account for the remaining 26 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
5.80 5.40 5.80 -1.08 1997 - 2022 percent Monthly
2015=100, NSA

News Stream
Malta Inflation Rate at Record High
Malta’s annual inflation rate rose for the 11th straight month to 5.8 percent in May of 2022, from 5.4 percent in the prior month. It was the highest inflation rate since records began in 1997, mainly due to steep rises in prices of food & non-alcoholic beverages (10.4 percent vs 9.0 percent in April) and housing & utilities (8.8 percent vs 8.6 percent). Additional upward pressure came from prices of transport (5.6 percent vs 4.7 percent), and recreation & culture (7.3 percent vs 7.0 percent). On a monthly basis, consumer prices went up 1.7 percent, slowing from a 16-year high rise of 3.7 percent in the previous month.
2022-06-17
Malta Inflation Rate Quickens for 10 Month
Malta’s annual inflation rate accelerated for the 10th straight month to 5.4% in April of 2022, from 4.5% in the prior month. It was the highest inflation rate since October of 2008, mainly due to steep rises in prices of food & non-alcoholic beverages (9% vs 8.7% in March) and housing & utilities (8.6% vs 6%). Additional upward pressure came from recreation & culture (7% vs 5.5%); restaurants & hotels (5% vs 4.5%) and transportation (4.7% vs 3.7%). On a monthly basis, consumer prices surged 3.7%, the most since April of 2006, after a 1.3% increase in the previous month.
2022-05-19
Malta Inflation Rate Highest since 2008
Malta’s annual inflation rate quickened to 4.5% in March of 2022, the highest since December of 2008, from 4.2% in the prior month. Upward pressure came mostly from prices of food & non-alcoholic beverages (8.7% vs 8.4% in February); housing & utilities (6% vs 5.2%); recreation & culture (5.5% vs 4.7%); restaurants & hotels (4.5% vs 4.4%); furnishings (4.3% vs 3.5%) and transportation (3.7% vs 3.6%). On a monthly basis, the CPI advanced 1.3%, the biggest increase in nine months.
2022-04-21