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The Maltese Herald

Euro area inflation edges higher at 2.9% in July: Malta’s at 2.1%

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by

Maltese Herald
in ,

Euro area inflation has increased by 0.1% up to 2.9% in July according to Eurostat’s flash estimate published today.  Malta’s inflation rate remains consistently lower than the EU’s average but is also trending higher.

Inflation in the EU is going higher mainly due to energy prices which in Malta are being subsidised to keep prices for consumers stable. Malta is still absorbing food inflation which is mainly driving Malta’s inflation rate higher, along with housing.

Lithuania recorded the highest annual inflation rate at 5.6%, followed by Bulgaria at 4.1% and Cyprus at 4.0%. The lowest rates were recorded in Estonia at 2.0%, Malta at 2.1% and France at 2.4%.

According to the European Central Bank, inflation effects remain lagging.

 

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One response to “Euro area inflation edges higher at 2.9% in July: Malta’s at 2.1%”

  1. ECB raises inflation forecast: ECB Chief calls for more investment in AI - The Maltese Herald avatar
    ECB raises inflation forecast: ECB Chief calls for more investment in AI – The Maltese Herald

    […] compared with 2.9% in July. The final figure was subsequently revised down marginally to 3.2%. Euro-area inflation had increased to 2.9% in July, after temporarily easing during the previous […]

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