Malta’s annual inflation rate rose to 7.0 percent in August 2022, following a 6.8 percent gain in the previous period. It was the highest inflation rate since records began in 1997, as transport prices rose faster (8.1 percent vs. 6.7 percent in July) while inflation was steady for restaurants and hotels (at 6.1 percent) and housing and utilities (at 9.2 percent). On the other hand, food and non-alcoholic beverages prices eased (11.3 percent vs. 11.8 percent). Monthly, consumer prices edged 1.0 percent higher, accelerating from a 0.9 percent jump in the previous month. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 2.19 percent from 1997 until 2022, reaching an all time high of 7 percent in August 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 October of 2022.
Inflation Rate in Malta is expected to be 8.00 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.