Malta's annual inflation came in at 1.8 percent year-on-year in July 2019, unchanged from the previous month's eight-month high, as prices rose for restaurants & hotels (2.2 percent vs 2.1 percent), food & non-alcoholic beverages (3.2 percent vs 3.7 percent), transport (2.0 percent vs 0.8 percent), recreation & culture (2.2 percent vs 1.1 percent), housing & utilities (2.2 percent vs 2.1 percent), and miscellaneous goods & services (2.8 percent vs 2.5 percent). On a monthly basis, consumer prices increased 0.3 percent in July, after a 1.3 percent jump in June. Inflation Rate in Malta averaged 1.91 percent from 2005 until 2019, 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.
Inflation Rate in Malta is expected to be 1.70 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 1.90 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.