Malta Inflation Rate2005-2021 Data | 2022-2023 Forecast | Calendar | Historical

Consumer prices in Malta inched up 0.2 percent in June, the same as in the previous month. Main upward pressure was seen in soaring prices of education (19.1 percent vs 15.6 percent in April), mainly on higher private school fees; followed by a steeper increase in cost of food & non-alcoholic beverages (2.1 percent vs 1.5 percent), on account of higher prices of vegetables; recreation & culture (3.5 percent vs 1.5 percent), lifted by cinema tickets. In contrast, prices in restaurants & hotels went up at a slower pace (0.9 percent vs 1.0 percent) and those in transport continued to fall (-0.8 percent vs -0.7 percent). On a monthly basis, consumer prices rose 1.4 percent, quickening from a 1.3 percent gain in May.

Malta’s annual inflation rate inched higher to 0.2 percent in May, after being unchanged at 0.1 percent for three straight months. Main upward pressure came from steeper increases in prices of education (15.6 percent vs 15.0 percent in April); food & non-alcoholic beverages (1.5 percent vs 0.8 percent); recreation & culture (1.5 percent vs 1.2 percent); and miscellaneous goods & services (1.5 percent vs 0.3 percent). On a monthly basis, consumer prices advanced 1.3 percent, easing from a one-year high of 2.9 percent hit in the prior month.

The annual inflation rate in Malta was unchanged for a third consecutive month at 0.1% in April of 2021, the lowest since December of 2009. Prices continued to fall for transport (-0.6% vs -0.8% in March) and communication (-0.7% vs -0.6%), while inflation remained steady for food & non-alcoholic beverages (at 0.8%); alcoholic beverages & tobacco (at 0.5%) and furnishings (at 0.2%). On the other hand, costs went up mostly for education (15% vs 2.5%); clothing & footwear (2.5% vs 0.5%) and health (1.7% vs 1.8%). On a monthly basis, consumer prices inched up 2.9%, the most since April of 2020, after increasing 1% in the preceding month.

The annual inflation rate in Malta sticked to 0.1 percent in March of 2021, the same as in the previous month, which remained the lowest reading since December of 2009. Main upward pressure came from prices of food & non-alcoholic beverages (0.8 percent vs 0.0 percent in February), due to higher prices of fruit; health (1.8 percent vs 2.0 percent), on account of higher charges of medical services; and recreation & culture (0.5 percent vs 0.9 percent), mainly due to prices of video games. Downward pressure came mostly from restaurants & hotels (-0.4 percent vs -0.2 percent), reflecting lower charges of accommodation services; transport (-0.8 percent vs -1.1 percent), dragged by lower costs of fuel; and communication (-0.6 percent vs -0.7 percent), due to cheaper prices of phone equipment. On a monthly basis, consumer prices advanced 1.0 percent, following a 0.5 percent gain in February.