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.

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Malta Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-12-17 10:00 AM Nov 2.4% 1.4% 2%
2022-01-20 10:00 AM Dec 2.6% 2.4% 2.6%
2022-02-23 10:00 AM Jan 2.6%


Related Last Previous Unit Reference
Inflation Rate 2.60 2.40 percent Dec/21
Inflation Rate Mom 0.00 -2.40 percent Dec/21
Harmonised Consumer Prices 106.38 109.01 points Nov/21
Consumer Price Index CPI 106.37 106.02 points Nov/21
GDP Deflator 88.52 89.55 points Sep/21
Producer Prices 113.42 113.63 points Nov/21
CPI Transportation 104.40 103.70 points Dec/21
CPI Housing Utilities 109.57 109.47 points Dec/21
Producer Prices Change 5.46 5.05 percent Nov/21

News Stream
Malta Inflation Rate at 9-Year High
Malta’s annual inflation rate rose to 2.6 percent in December of 2021, the highest since 2012 and from 2.4 percent in the previous month. 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. Still, Malta closed the year with the lowest inflation rate among EU member states.
2022-01-20
Malta Inflation Rate at Over 3-Year High
Malta’s annual inflation rate rose to 2.4 percent in November of 2021 from 1.4 percent in the previous month. It was the highest reading since September of 2018, as prices accelerated for food and non-alcoholic beverages (4 percent vs 3 percent in October); recreation and culture (5.1 percent vs 4.6 percent); restaurants and hotels (3.2 percent vs 2 percent); housing and utilities (2.7 percent vs 2.6 percent) and transport (2.3 percent vs 1.8 percent). On the other hand, inflation slowed for clothing and footwear (1.8 percent vs 3.2 percent) and furnishings and household maintenance (1.7 percent vs 2.2 percent); while prices decreased for communication (-2.2 vs -2.1 percent) and alcoholic beverages & tobacco (-0.1 percent vs 0.1 percent). On a monthly basis, consumer prices declined by 2.4 percent, following a 0.7 percent fall in October.
2021-12-17
Malta Inflation at 22-Month High
Malta’s annual inflation rate rose to 1.4 percent in October of 2021 from 0.7 percent in the previous month. It was the highest reading since January of 2020, driven by a rebound in transportation prices (1.8 percent vs -0.4 percent in September). Further, consumer prices accelerated for housing and utilities (2.6 percent vs 1.1 percent), restaurants and hotels (2 percent vs 1.7 percent), and furnishings and household maintenance (2.2 percent vs 1.1 percent). On the other hand, inflation slowed for food and non-alcoholic beverages (3 percent vs 3.5 percent). On a monthly basis, consumer prices declined by 0.7 percent, compared to a 0.9 percent decline in September.
2021-11-18

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.