Higher inflation rate in December 2016

February 1, 2017

3729ea6Consumer prices in Malta increased 1 percent year-on-year in December of 2016. It was the highest inflation rate since August as prices rose faster for food and non-alcoholic beverages +3.5 percent from +2.5 percent in November and furniture +3.8 percent from +3.6 percent and prices declined less for transport -0.3 percent from -0.8 percent. In contrast, inflation eased for restaurants and hotels +2.1 percent from +2.2 percent and miscellaneous goods and services +0.5 percent from +0.6 percent and was steady for housing and utilities at 1.1 percent. Cost decreased more for recreation and culture -3.9 percent from -3.8 percent. Month-on-month, consumer prices were flat after falling by 2.2 percent in the previous month.