Producer prices in Malta increased 3.1 percent year-on-year in February 2019, easing from 3.6 percent rise in the prior month. It was the lowest producer inflation since July 2017, as cost went up at a softer pace for intermediate goods (7.27 percent vs 8.41 percent in January) and for consumer goods (0.87 percent vs 0.96 percent), led by non-durable consumer goods (0.93 percent vs 1.09 percent) while cost was unchanged for durable consumer goods. In addition, energy prices remained flat while cost rose faster for capital goods (0.24 percent vs 0.19 percent). On a monthly basis, producer prices went down 0.23 percent, following a 0.07 percent drop in January. Producer Prices Change in Malta averaged -0.47 percent from 2001 until 2019, reaching an all time high of 9.50 percent in October of 2006 and a record low of -9.70 percent in October of 2007.
Producer Prices Change in Malta is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Malta to stand at 4.10 in 12 months time. In the long-term, the Malta Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.