Malta’s inflation rate dropped from 3.9 per cent in November to 3.6 per cent in December, even as the eurozone average increased from 2.4 per cent to 2.9 per cent over the same period.
Food, alcohol and tobacco remain one of the main pressure points, according to the latest update from Eurostat, with prices increasing by 6.1 per cent year-on-year across the euro area.
Prices for services also increased by four per cent.
However, the energy price shock continues to subside, with energy prices decreasing by 6.7 per cent in December after an 11.5 per cent drop in November. These drops how no direct effect on Malta, where energy and fuel prices have been fixed through generous Government subsidies.
The impact of food prices on local inflation is seemingly being tackled head-on by Maltese authorities, with a report earlier on Friday (today) that retailers are under pressure to commit to reducing the price of key products by 15 per cent.
BOV hosts fraud prevention webinar to help businesses tackle evolving scams
BOV hosted a fraud prevention webinar for business customers, offering practical guidance on tackling AI-driven scams and other evolving fraud ...
Melita Business extends nearly two-decade partnership with Pitre Bathrooms
The renewed agreement will see Pitre Bathrooms continue to utilise the full suite of Melita Business services
Apartment price level in St Julian’s and Ta’ Xbiex jump 14% in the span of a year
NSO statistics shows that apartment prices in Sliema are 61% above the national average