EU with sticky inflation and Malta’s inflation at 7% in February

Inflation in Europe is sticky with the February average at 8.5%. Note that Malta’s inflation rate is at 7% because of subsidies on electricity bills offsetting the premium being paid by the Maltese government over its energy supplies. I don’t have the time to do the maths, but if you remove the electricity bills subsidies component, Malta’s inflation would surely exceed the EU average. Also, note that inflation in Malta is increasing.

Mark Camilleri

Website Editor
Historian and Publisher