Please Note: Gozonews.Com is now simply Gozo.News - Kindly update your bookmarks and links - Existing Gozonews.Com links should continue to function correctly

Malta has one of the lowest annual inflation rates in the EU

Email item Email item Print item Print item

Malta has one of the lowest annual inflation rates in the EUEuro area annual inflation was 2.6% in January 2012, down from 2.7% in December 2011. A year earlier the rate was 2.3%. Monthly inflation was -0.8% in January 2012.

EU annual inflation was 2.9% in January 2012, down from 3.0% in December 2011. A year earlier the rate was 2.7%. Monthly inflation was -0.6% in January 2012.

In January 2012, The lowest annual rates were observed in Sweden (0.7%), Ireland (1.3%) and Malta (1.5%).

In January 2012, the highest annual rates were in Hungary (5.6%), Estonia (4.7%), Poland and Slovakia (both 4.1%). Compared with December 2011, annual inflation fell in sixteen Member States, remained stable in two and rose in nine.

The lowest 12-month averages up to January 2012 were registered in Ireland and Sweden (both 1.3%) and Slovenia (2.1%), and the highest in Romania (5.5%), Estonia (5.0%) and the United Kingdom (4.4%).

The main components with the highest annual rates in January 2012 were housing (4.5%), transport (4.4%) and alcohol & tobacco (3.8%), while the lowest annual rates were observed for communications (-2.4%), recreation & culture (0.7%) and clothing (0.9%). Concerning the detailed sub-indices, fuels for transport (+0.33 percentage points), heating oil and gas (+0.14 each) had the largest upward impacts on the headline rate, while telecommunications (-0.16), garments and vegetables (-0.11 each) had the biggest downward impacts.

The main components with the highest monthly rates were health and transport (1.0% each) and housing (0.9%), while the lowest monthly rates were observed for clothing (-14.1%), recreation & culture (-2.0%) and household equipment (-0.7%). In particular, fuels for transport (+0.22 percentage points), restaurants & cafés (+0.09) had the largest upward impacts, while garments (-0.77), package holidays (-0.18) and footwear (-0.16) had the biggest downward impacts.

These figures come from Eurostat, the statistical office of the European Union.

  • Permalink: Malta has one of the lowest annual inflation rates in the EU
  • You may also like...

    Leave a Reply

    Your email address will not be published. Required fields are marked *