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STATISTICS MALTA

Malta : Annual rate of inflation = -0,4%

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PREZZIIn March 2024, the annual rate of inflation as measured by the RPI was 1.9 per cent, down from 2.3 per cent in February 2024. 

Price changes and effects on inflation

The highest annual inflation rates in March 2024 were registered in Other goods and services (5.6 per cent) and Food (5.1 per cent). On the other hand, the lowest annual inflation rates were registered in Transport and communication (-2.6 per cent) and Clothing and footwear (-2.3 per cent). 

In March 2024, the largest upward contribution on annual inflation was registered in the Food Index (+1.10 percentage points), largely due to higher prices of take-aways. The second and third largest contributions were measured in the Other goods and services Index (+0.41 percentage points) and the Personal care and health Index (+0.33 percentage points), mainly on account of higher prices of cleaning products and articles of personal hygiene, respectively.

The downward contributions on annual inflation were registered in the Transport and communication Index (-0.58 percentage points) and the Clothing and footwear Index (-0.15 percentage points), mainly reflecting lower prices of mobile phone services and garments, respectively. 

Aggregates

In March 2024, the Other goods and services Index registered the highest annual inflation rate at 5.6 per cent, of which Jewellery, watches and other articles registered an annual rate of 4.6 per cent, Non-durable household goods registered an annual rate of 10.8 per cent, Veterinary services (including pet food) and domestic services registered an annual rate of 1.2 per cent and Insurances, financial services and other services registered an annual rate of 5.3 per cent.

The Transport and communication Index registered the lowest annual inflation rate of -2.6 per cent, of which Transport registered an annual rate of -1.6 per cent and Communication registered an annual rate of -6.2 per cent. 

 

 

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