Producer prices in Malta increased 1.8 percent year-on-year in July of 2019, following an upwardly revised 1.6 percent rise in the previous month. It was the highest producer inflation since March, as cost advanced faster for intermediate goods (2.7 percent from 2.4 percent in June) and capital goods (2 percent from 1.9 percent). Meanwhile, inflation was steady for consumer goods (at 1.4 percent), namely durable consumer goods (0.8 percent, the same as in June) while prices of energy remained flat. On a monthly basis, producer prices went down 0.5 percent, after a 0.6 percent gain in June. Producer Prices Change in Malta averaged -0.41 percent from 2001 until 2019, reaching an all time high of 9.50 percent in October of 2006 and a record low of -9.70 percent in October of 2007.
Producer Prices Change in Malta is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Malta to stand at 1.90 in 12 months time. In the long-term, the Malta Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.