The annual inflation rate in Malta rose marginally to 0.6 percent in October of 2020 from 0.5 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (2.6 percent vs 1.7 percent in September) and education (4.8 percent vs -7.7 percent). On a monthly basis, consumer prices decreased 1.3 percent, the same pace as in September, mainly due to lower costs at restaurants & hotels (-6.4 percent vs -6.1 percent). source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.84 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 November of 2020.
Inflation Rate in Malta is expected to be 0.60 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 1.30 in 12 months time. In the long-term, the Malta Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.90 percent in 2022, according to our econometric models.