Malta Registers 2nd Lowest Inflation Rate

MEDIA ROOM

Malta’s inflation rate in January 2011 was the second lowest in the Euro area.

These findings were made available by Eurostat. It would appear that inflation – at 1.5 per cent, was more than one per cent lower than the euro area’s average, that reached 2.6 per cent.

It is only Ireland that – as member state in the euro zone managed to register a lower inflation rate than Malta in January, (1.3 per cent).

Inflation in Malta shrinks

Inflation in Malta shrunk from 3.3 per cent, when compared to 12 months earlier. In the euro area it rose from 2.3 per cent.

Eurostat said that in January 2012, the lowest annual rates were observed in Sweden (0.7 per cent), Ireland (1.3 per cent) and Malta (1.5 per cent). The highest rates were observed in Hungary (5.6 per cent), Estonia (4.7 per cent), Poland and Slovakia (both 4.1 per cent).

Compared to December, annual inflation fell in 16 member states, remained stable in two and rose in nine.