The annual inflation rate in Malta remained unchanged at 1.3 percent in December of 2019, the lowest level since March. Prices slowed primarily for restaurants & hotels (1.7 percent vs 2 percent in November); transport (1.5 percent vs 1.7 percent) and recreation & culture (1.9 percent vs 2 percent). In contrast, cost increased faster for food & non-alcoholic beverages (2.2 percent vs 1.3 percent); housing & utilities (1.4 percent vs 1.3 percent) and miscellaneous goods & services (1.9 percent vs 1.6 percent). On a monthly basis, consumer prices went down 0.2 percent, after falling 3 percent in the previous month.
Inflation Rate in Malta averaged 1.89 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. 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.
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 1.60 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.