The annual inflation rate in Malta dropped to 0.2 percent in November of 2020 from 0.6 percent in the previous month, reaching its lowest level since December of 2009. Downward pressure came from prices of clothing & footwear (-5 percent vs -0.7 percent in October); furnishings (-1.6 percent, the same pace as in October), transport (-1.1 percent vs -0.9 percent); communication (-0.9 percent vs -0.1 percent) and restaurant & hotels (-0.4 percent vs 0.4 percent). On a monthly basis, consumer prices declined 3.4 percent, following a 1.3 percent fall in October, amid lower prices for restaurants & hotels (-16.2 percent). source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.83 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 January of 2021.
Inflation Rate in Malta is expected to be 0.50 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 1.80 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.