Harmonized inflation dropped to 6.8% in January from 7.3% in December, driven by slower increases in prices of food and non-alcoholic beverages, housing and utilities and transportation. Our panel expects inflation to ease in 2023 due to the ECB’s tighter monetary policy stance and lower energy prices. Rising wages and the de-anchoring of inflation expectations pose upside risks. Energy price swings are a factor to watch.
Malta Inflation (HICP, ann. var. %, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, eop) | 1.3 | 1.2 | 1.3 | 0.2 | 2.6 |