The annual inflation rate in Malta sticked to 0.2 percent in January of 2021, unchanged from the previous month. The largest upward impacts came from clothing & footwear (0.7 percent vs -3.9 percent in December), due to higher prices of garments; health (1.9 percent vs 2.3 percent), on account of higher prices of medical services; and education (2.5 percent vs 4.8 percent), on higher private school fees. Downward pressure came from prices of transports (-0.7 percent vs -0.9), reflecting lower prices of fuels; communications (-0.7 percent vs -1.3); and restaurants & hotels (-0.2 percent vs -0.2 percent). On a monthly basis, consumer prices fell 1.3 percent, following a 0.3 percent decline in December, as prices plunged for clothing & footwear (-19.1 percent), and continued to fall for restaurants & hotels (-0.8 percent) and for food & non-alcoholic beverages (-0.2 percent). source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.83 percent from 2005 until 2020, 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 March of 2021.
Inflation Rate in Malta is expected to be 0.80 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.