The annual inflation rate in Malta was unchanged at 1.3 percent in March 2019, with main upward pressure coming from food & non-alcoholic beverages (3.5 percent vs 3.8 percent in February); housing & utilities (2.5 percent vs 2.3 percent); restaurants & hotels (1.5 percent vs 1.2 percent); transport (1.5 percent vs 2.2 percent); and miscellaneous goods & services (2.1 percent vs 1.3 percent). On a monthly basis, consumer prices rose 1 percent, after a 0.9 percent increase in February. Inflation Rate in Malta averaged 1.91 percent from 2005 until 2019, 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.
Inflation Rate in Malta is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Malta to stand at 2.00 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.