Inflation in Malta
Malta - InflationGDP growth likely softened in annual terms in the third quarter due to a less favorable base effect, although activity should have remained healthy on a sequential basis. Upbeat consumer confidence and the unemployment rate hitting a record low in September likely kept household spending expanding at a brisk pace, consequently motor vehicle sales jumped in Q3. Moreover, surging tourist arrivals and receipts growth in Q3 also bode well for private consumption. Turning to Q4, economic activity has likely remained robust, as suggested by improving consumer sentiment in October. Meanwhile, despite easing slightly, business confidence also remained elevated in the same month, boding well for economic output. Additionally, solid progress on the vaccination front should continue to support the easing of restrictions and the tourism sector in the remainder of the year.
Malta - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.1||0.6||1.4||1.2||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Malta Inflation Chart
Source: National Statistical Office of Malta and FocusEconomics calculations
|Bond Yield||0.43||3.09 %||Dec 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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