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.

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Malta Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-19 09:00 AM Mar 7.1% 7% 6.6%
2023-05-17 09:00 AM Apr 6.4% 7.1%
2023-06-16 09:00 AM May 6.4% 6.4%


Related Last Previous Unit Reference
Inflation Rate 6.40 7.10 percent Apr 2023
Inflation Rate MoM 3.10 1.40 percent Apr 2023
Consumer Price Index CPI 116.67 115.78 points Apr 2023
Harmonised Consumer Prices 119.74 116.15 points Apr 2023
GDP Deflator 83.28 83.05 points Dec 2022
Producer Prices 121.49 121.85 points Apr 2023
Producer Prices Change 4.60 3.94 percent Apr 2023
CPI Transportation 110.65 108.57 points Apr 2023
CPI Housing Utilities 124.63 123.97 points Apr 2023

Malta Inflation Rate
In Malta, the most important categories in the consumer price index are Food and Non-Alcoholic Beverages accounts for 18 percent and Restaurant and Hotels for 15 percent; Transport for 12 percent; and Housing and Utilities for 10 percent. The index also includes: Furnishings, Household Equipment and Maintenance (9 percent); Miscellaneous Goods and Service (8 percent); and Recreation and Culture (8 percent). Health; Clothing and Footwear; Communication; Alcoholic Beverages and Tobacco; and Education account for the remaining 20 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
6.40 7.10 7.40 -1.08 1997 - 2023 percent Monthly
2015=100, NSA

News Stream
Malta Inflation Rate Eases to 10-Month Low
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.
2023-05-17
Malta Inflation Rate at 3-Month High
Malta’s annual inflation rate edged up to 7.1% in March 2023 from 7% in the previous month. It was the highest reading since December 2022, as prices increased faster for education (6.1% vs 4.7% in February). Additional upward pressure came from prices of housing & utilities (9.5% vs 9.1%), restaurants & hotels (6% vs 5.6%), communication (1.3% vs 0.9%) and recreation & culture (7% vs 6.7%). Meanwhile, costs rose at a slower pace for transport (2.7% vs 3.5%), food & non-alcoholic beverages (12.9% vs 13.2%), clothing & footwear (7.8% vs 8.1%), and miscellaneous goods & services (5.9% vs 6.1%). On a monthly basis, consumer prices advanced by 1.4%, accelerating from a 0.9% gain in February.
2023-04-19
Malta Inflation Rate Rises in February
Malta’s annual inflation rate rose to 7% in February 2023, from 6.8% in the previous month, as cost advanced further for food & non-alcoholic beverages (13.2% vs 11.7%); alcoholic beverages & tobacco (3.4% vs 2.4%); transport (3.5% vs 3.2%); recreation & culture (6.7% vs 6.3%). On the other hand, inflation slowed for clothing & footwear (8.1% vs 9.5%); furniture & household equipment (7.2% vs 8.5%); communication (0.9% vs 1.3%) and restaurant & hotels (5.6% vs 5.7%), while price growth was steady for housing & utilities (at 9.1%); health (at 4%) and education (at 4.7%). On a monthly basis, consumer prices inched up by 0.9% in February, the biggest rise since August 2022 and reversing from a 0.4% drop in January.
2023-03-17