The annual inflation rate in Malta edged down to 1.1 percent in April of 2020 from 1.2 percent in the previous month. Prices slowed mostly for recreation & culture (0.8 percent vs 1.2 percent in March); restaurants & hotels (1.1 percent vs 1.2 percent) and housing & utilities (1.4 percent vs 1.7 percent). In addition, costs fell for education (-9 percent vs 2.4 percent); clothing & footwear (-1.5 percent vs -1.2 percent) and furnishings (-1.2 percent vs -1.6 percent). In contrast, inflation quickened for food & non-alcoholic beverages (3.2 percent vs 2.3 percent); transport (2.3 percent vs 2.2 percent) and miscellaneous goods & services (1.8 percent vs 1.2 percent). On a monthly basis, consumer prices inched up 2.9 percent, following a 1 percent rise in the previous month.
Inflation Rate in Malta averaged 1.88 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 May of 2020.
Inflation Rate in Malta is expected to be 1.30 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 1.60 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 1.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.