Inflation in Malta

Malta Inflation | Economic News & Forecasts

Malta - Inflation

The economy rebounded in annual terms in Q2, as easing restrictions domestically and abroad spurred investment, household spending and exports. Activity has likely continued to recover in Q3, albeit at a more moderate pace. Low unemployment and sustained consumer confidence in July-August point to healthy consumer spending, while upbeat economic sentiment signals expanding private sector activity. Additionally, tourist numbers more than doubled over the previous year in July, although they were still over 50% down from 2019. Meanwhile, on 16 September the European Commission endorsed the country’s recovery plan—a necessary step to release EUR 316 million in grants. Moreover, on 17 September the IMF concluded its Article IV review and praised Malta’s swift Covid-19 response, although it warned against risks stemming from a prolonged placement on the Financial Action Task Force grey list.

Malta - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)1.1  0.6  1.4  1.2  1.6  

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Malta Inflation Chart

Malta Inflation
Note: Annual variation of consumer price index (HICP) in %.
Source: National Statistical Office of Malta and FocusEconomics calculations

Malta Facts

Value Change Date
Bond Yield0.433.09 %Dec 30
Exchange Rate1.120.65 %Dec 31

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