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. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.77 percent from 2005 until 2021, 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 July of 2021.
Inflation Rate in Malta is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Malta to stand at 1.20 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 1.90 percent in 2022, according to our econometric models.