The annual inflation rate in Malta sticked to 0.1 percent in March of 2021, the same as in the previous month, which remained the lowest reading since December of 2009. Main upward pressure came from prices of food & non-alcoholic beverages (0.8 percent vs 0.0 percent in February), due to higher prices of fruit; health (1.8 percent vs 2.0 percent), on account of higher charges of medical services; and recreation & culture (0.5 percent vs 0.9 percent), mainly due to prices of video games. Downward pressure came mostly from restaurants & hotels (-0.4 percent vs -0.2 percent), reflecting lower charges of accommodation services; transport (-0.8 percent vs -1.1 percent), dragged by lower costs of fuel; and communication (-0.6 percent vs -0.7 percent), due to cheaper prices of phone equipment. On a monthly basis, consumer prices advanced 1.0 percent, following a 0.5 percent gain in February. source: National Statistics Office, Malta
Inflation Rate in Malta averaged 1.80 percent from 2005 until 2021, 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 May of 2021.
Inflation Rate in Malta is expected to be 1.40 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 1.40 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.