Inflation in Malta drops to 1.2%

Malta’s inflation rate, as measured by the Retail Price Index, dropped to 1.2 per cent in September, marking the lowest level seen since April 2021, and a decrease from the 1.5 per cent rate recorded in August.

The month marked the seventh in a row where Malta registered inflation under two per cent.

The 12-month moving average inflation rate now stands at 2.2 per cent, from 2.5 per cent in August.

The largest contribution to the overall annual inflation was measured in the food index (+0.45 percentage points), largely due to higher prices of restaurant services.

The second and third largest contributions were measured in the other goods and services Index (+0.32 percentage points) and the personal care and health Index (+0.30 percentage points), mainly on account of higher prices of insurances and articles of personal hygiene, respectively.

Meanwhile, the largest downward contribution was recorded in the transport and communication Index (-0.12 percentage points).

The highest annual inflation rates in September 2024 were registered in other goods and services (4.4 per cent) and personal care and health (3.4 per cent).

On the other hand, the lowest annual inflation rates were registered in furnishings and household equipment (-0.8 per cent) and transport and communication (-0.5 per cent).