Malta’s annual inflation rate accelerated for the 10th straight month to 5.4% in April of 2022, from 4.5% in the prior month. It was the highest inflation rate since October of 2008, mainly due to steep rises in prices of food & non-alcoholic beverages (9% vs 8.7% in March) and housing & utilities (8.6% vs 6%). Additional upward pressure came from recreation & culture (7% vs 5.5%); restaurants & hotels (5% vs 4.5%) and transportation (4.7% vs 3.7%). On a monthly basis, consumer prices surged 3.7%, the most since April of 2006, after a 1.3% increase in the previous month. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.81 percent from 2005 until 2022, 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 2022.
Inflation Rate in Malta is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malta Inflation Rate is projected to trend around 3.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.