Malta inflation remains lowest in EU despite April rise
Malta's 12-month moving average rate for April stood at 2.1%
Industry & services expect prices to keep increasing, but retailers anticipating a slow down in price hikes
In March, business sentiment in Malta stood well above what it was a year ago
Rising housing and food prices lead to highest inflation in years
The worrying trend does not seem to be slowing down
Services power Malta’s strong economic rebound in 2021
Industry and construction also registered strong growth
Prices expected to continue increasing as inflation hits new highs
The industrial producer price index hit 6.4% in January 2022
Manufacturers feel the pinch as year-on-year cost of supplies hits new high
No increase in price of energy registered, but gas hedging agreement expires in Marc
November saw business confidence fall in all sectors
The findings emerge from the Central Bank of Malta’s December Economic Update
Retail prices continue steep climb, led by clothing & food sectors
September food prices were 3.64% more expensive than they were a year before
Rising energy prices push euro area annual inflation up to 3.4%
Increase reflects global competition for gas
Malta only EU country not to register an increase in industrial producer prices in July
Energy prices emerge as key determinant of price stability
Prices of bread and cereals in Malta seventh-highest in EU
Denmark and Romania have the highest and lowest prices in the EU, respectively
Services characterise Malta’s economy as Luqa, Marsa, Birkirkara, St Julian’s and Sliema generate highest profits
SMEs’ share of economic growth keeps increasing
Profit share of European businesses highest since before Great Recession
Household savings rate second-highest since beginning of records in 1999
Local unemployment slightly down in May as number of EU unemployed remains over 15 million
Only Czechia and the Netherlands have lower unemployment rates than Malta
Year-on-year unemployment down 43.5% in April
April 2020 saw a large spike in unemployment due to the onset of the COVID-19 pandemic
Malta inflation remains lowest in EU despite April rise
Malta's 12-month moving average rate for April stood at 2.1%
Industry & services expect prices to keep increasing, but retailers anticipating a slow down in price hikes
In March, business sentiment in Malta stood well above what it was a year ago
Rising housing and food prices lead to highest inflation in years
The worrying trend does not seem to be slowing down
Services power Malta’s strong economic rebound in 2021
Industry and construction also registered strong growth
Prices expected to continue increasing as inflation hits new highs
The industrial producer price index hit 6.4% in January 2022
Manufacturers feel the pinch as year-on-year cost of supplies hits new high
No increase in price of energy registered, but gas hedging agreement expires in Marc
November saw business confidence fall in all sectors
The findings emerge from the Central Bank of Malta’s December Economic Update
Retail prices continue steep climb, led by clothing & food sectors
September food prices were 3.64% more expensive than they were a year before
Rising energy prices push euro area annual inflation up to 3.4%
Increase reflects global competition for gas
Malta only EU country not to register an increase in industrial producer prices in July
Energy prices emerge as key determinant of price stability
Prices of bread and cereals in Malta seventh-highest in EU
Denmark and Romania have the highest and lowest prices in the EU, respectively
Services characterise Malta’s economy as Luqa, Marsa, Birkirkara, St Julian’s and Sliema generate highest profits
SMEs’ share of economic growth keeps increasing
Profit share of European businesses highest since before Great Recession
Household savings rate second-highest since beginning of records in 1999
Local unemployment slightly down in May as number of EU unemployed remains over 15 million
Only Czechia and the Netherlands have lower unemployment rates than Malta
Year-on-year unemployment down 43.5% in April
April 2020 saw a large spike in unemployment due to the onset of the COVID-19 pandemic