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Inflation trends remains the same with food pushing inflation higher

According to the latest NSO publication of HICP records, inflation came at 2% for the month of June, slightly higher than the 1.9% initial estimate. However, inflation effects remain lagging with the renewed war in the Persian Gulf.

The inflationary trends remained the same in Malta with restaurants and catering establishments leading inflation higher followed by food products and transport.

Malta’s inflation rate remained lower than the Euro area’s at 2.8% for the month of May according to Eurostat. Inflation rates in the Euro area were highest in Romania, Lithuania and Bulgaria with energy and being the top items increasing inflation.

 

 

 

 

 

 

 


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3 responses to “Inflation trends remains the same with food pushing inflation higher”

  1. […] The Retail Price Index as issued by the NSO has confirmed the ongoing inflation trends with overall inflation going lower in May from 2.6% to 2.5% with housing and food leading inflation higher. The RPI is aligned with the results of the HICP which also shows inflation to go down in the month of June. […]

  2. […] government is also being faced with renewed inflationary pressure due to the war in the Persian Gulf, and higher oil prices will keep pushing the government’s […]

  3. […] in July, 0.1% higher than the month of June after a short break with the higher inflation-trend in May-June. Inflation is up again in Malta mainly with food remaining a consistently driving […]

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