The annual inflation rate in Malta slowed to 0.5 percent in September of 2020 from 0.7 percent in August, reaching the lowest level since October of 2016. The largest downward impact came from prices of education (-7.7 percent) while the biggest impact was seen in cost of food and non-alcoholic beverages (1.7 percent). On a monthly basis, consumer prices went down 1.3 percent, the biggest fall since January, with prices at restaurants and hotels falling the most by 6.1 percent.
Inflation Rate in Malta averaged 1.85 percent from 2005 until 2020, 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 October of 2020.
Inflation Rate in Malta is expected to be 0.60 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 1.30 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.