Malta’s annual inflation rate rose to 6.4% in April 2023, easing from a 3-month high of 7.1% in the previous month. Prices slowed for food & non-alcoholic beverages (11.4% vs 12.9% in March), housing & utilities (7.6% vs 9.5%), clothing & footwear (0.5% vs 7.8%), restaurants & hotels (5.6% vs 6%), recreation & culture (5.6% vs 7%), and miscellaneous goods & services (5.3% vs 5.9%). Meanwhile, prices remained unchanged for education (6.1%) and communication (1.3%), while costs increased for transport (3.2% vs 2.7%). On a monthly basis, consumer prices increased 3.1% in April, following a 1.4% rise in the previous month. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 2.32 percent from 1997 until 2023, reaching an all time high of 7.40 percent in September of 2022 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 June of 2023.
Inflation Rate in Malta is expected to be 4.80 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 2.30 percent in 2024 and 2.10 percent in 2025, according to our econometric models.