Malta's annual inflation rate rose to 1 percent in June of 2020 from 0.9 percent in May, mainly pushed up by prices of food & non-alcoholic beverages (3.3 percent vs 2.4 percent); health (2.2 percent, the same pace as in the prior month); housing & utilities (1.4 percent vs 1.3 percent) and restaurants & hotels (1.4 percent vs 1.2 percent). Meanwhile, transport costs slowed (2 percent vs 2.3 percent). On a monthly basis, consumer prices advanced 1.4 percent, after increasing 1.2 percent in the previous month.
Inflation Rate in Malta averaged 1.87 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 August 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.