Tag: Inflation
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Inflation in Malta keeps ticking higher than the EU’s average
According to the latest release by the NSO, inflation in Malta keeps ticking higher than the EU’s average with an annual inflation rate of 2.7% recorded in August, higher than 2.5% recorded in July as measured by the HCIP. The Euro area’s average inflation rate as per the HCIP was at around 2% in August in…
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EuroStat releases flash inflation estimate of 2.1%: unemployment at 6.2% in the Euro area
EuroStat has released a flash inflation estimate of 2.1% for the month of August according to the Harmonised Index of Consumer Prices (HICP), inching higher than the previous inflation rate of 2% in July. Inflation rose mainly due to food alcohol and tobacco followed by services and non-energy industrial goods while energy prices went down.…
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Food prices keep inflation up in Malta
According to the latest NSO release, food prices in Malta have remained the strongest driver for inflation in Malta with the Retail Price Index marking a 2.4% increase for the month of July. This is above the current Euro-area-average increase of 2%. Beverages and tobacco also had the highest increase along with food items in…
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Euro area inflation at 2% in July: unemployment at 6.2% with Spain at 10.4%
In a flash release published by Eurostat, the estimated inflation rate of the Euro area in July is set to remain stable at 2% with food and services rising and energy prices decreasing. Malta’s estimated inflation rate for July is also set at 2.5% in line with its 2.5% June figure. In a separate release,…
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Opposition highlights higher inflation in Malta than the EU average
Yesterday, the Nationalist Party held a press conference highlighting the fact that inflation in Malta is rising higher than the EU’s average. Ivan Castillo, Opposition MP is proposing further tax breaks or part-timers earning up to €10,000 and a national fund to alleviate inflationary pressure. The latter proposal is similar in principle to the ongoing…
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Federal Reserve renews its warning on inflationary risks if more tariffs are effected
The US Federal Reserve has once again warned that inflation may make a strong comeback if the US President goes ahead and slaps another round of tariffs on US imports. Last month, the US Federal Reserve lowered economic growth forecasts due to newly imposed US tariffs. The latest report by the US Federal Reserve shows…
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Inflation in Malta keeps rising due to food and non-alcoholic beverages
According to the latest NSO statistics, inflation in Malta is continuing on its rising trend after having waned down a bit at the end of last year. The Harmonised Index for Consumer Prices went up by 2.7% in May higher than its 2.6% increase in April, mainly due to a consistent increase in the prices…
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Inflation rate in Malta made an uptick in the first quarter of this year: pushed by food and non-alcoholic beverages
According to the latest statistics by the National Statistics Office, the inflation rate in Malta made a slow and steady uptick in the first quarter of this year with the latest Harmonised Index of Consumer Prices coming at 2.6% in April and significantly higher than 2.1% rate of March. The increase mainly came from an…
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Inflation goes higher in March: bumped by food and beverages prices
According to the latest statistics issued by the National Statistics Office, inflation in Malta was registered at annual rate of 2.1% for March with the Retail Price Index, 0.2% higher than in February’s 1.9% rate. The increase came mostly from beverages and food items. The Harmonised Index of Prices also went up from 2.0% to…
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Inflation in the Euro area is going down: ECB interest rate decision later today
The European Central Bank is currently discussing the interest rate on the backdrop of dropping inflation in the Euro area. The inflation rate increase in percentage terms in the Euro area was at an average of 2.2% and 2.5% in the European Union in March. Malta registered an inflation increase of just 2.1% in March…
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Eurostat releases flash inflation estimate lower than expected at 2.2%
Ina surprise announcement, Eurostat released a flash estimate of inflation for March lower than expected at 2.2%. The expected figure was 2.3%. Services inflation for March is estimated at 3.4%, lower than the 3.7% figure of February. Food inflation was higher at 2.9% with February food inflation registering 2.7%. European stock markets climbed upwards following…
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Inflation rises to 2.0% in February 2025
In February 2025, Malta’s a12-month moving average rate was 2.2%, higher than 2.0% in January, while its annual inflation rate, measured by the Harmonised Index of Consumer Prices (HICP), went up to 2.0% from 1.8% in January. The most significant upward pressure on the annual inflation rate was contributed by the Food and Non-Alcoholic Beverages…
