Inflation has reached its lowest level since April 2021
The largest month-on-month increase was registered in the sports-related equipment category
Malta spends 77% of its food expenditure on processed food
Price increases were registered in several categories
Lower prices for mobile phone services and footwear partly offset large increase to food prices seen over the last year
The inflation rate, as measured by the Retail Price Index, decreased from 1.6% in April to 1.5% in May
Annual inflation rate dropped to just 1.6% in April 2024
The Government attributed the decrease in inflation to its initiative ‘Stabbiltà’
February marked the coming into force of the Government's price stability scheme
The European Central Bank noted that price pressures remain persistent
He said it is now time for businesses to do their part and ensure their employees' standard of living
Prime Minister shrugs off criticism, insists action to ensure stability in food prices will continue
Food prices remain a key factor
Over the weekend, Prime Minister Robert Abela said the minimum wage ‘must increase’, and talks with social partners are ongoing
Clyde Caruana calls on businesses to dip into bumper post-pandemic profits to increase wages and capacity
Inflation has reached its lowest level since April 2021
The largest month-on-month increase was registered in the sports-related equipment category
Malta spends 77% of its food expenditure on processed food
Price increases were registered in several categories
Lower prices for mobile phone services and footwear partly offset large increase to food prices seen over the last year
The inflation rate, as measured by the Retail Price Index, decreased from 1.6% in April to 1.5% in May
Annual inflation rate dropped to just 1.6% in April 2024
The Government attributed the decrease in inflation to its initiative ‘Stabbiltà’
February marked the coming into force of the Government's price stability scheme
The European Central Bank noted that price pressures remain persistent
He said it is now time for businesses to do their part and ensure their employees' standard of living
Prime Minister shrugs off criticism, insists action to ensure stability in food prices will continue
Food prices remain a key factor
Over the weekend, Prime Minister Robert Abela said the minimum wage ‘must increase’, and talks with social partners are ongoing
Clyde Caruana calls on businesses to dip into bumper post-pandemic profits to increase wages and capacity