Jānis Zelmenis

Malta registers decrease in inflation rate

18 October, 2013

Last September, Malta registered the rate of 0.6%. In September 2012, Malta almost had a 3% annual inflation rate

The European Union registered an annual inflation of 1.3% in September 2013, half of the inflation registered in the same period last year (2.7%). According to statistics provided by Eurostat, the highest inflation annual rates in September were observed in the UK (2.7%) and Estonia (2.6%), while the lowest were registered in Bulgaria (-1.3%) and Greece (-1%).

During the same period, Malta registered the rate of 0.6%. In September 2012, Malta almost had a 3% annual inflation rate. The Euro Area annual inflation also registered a decrease, from 2.6% in September 2012 to 1.1% in the same month this year.

The largest upward impacts to euro area annual inflation came from tobacco (+0.10 percentage points), electricity (+0.09) and accommodation services (+0.08), while fuels for transport (-0.30), telecommunications (-0.15) and medical & paramedical services (-0.07) had the biggest downward impacts.