Latest data from the National Statistics Office shows that the annual rate of inflation in December as measured by the Harmonised Index of Consumer Prices was 2.4%, down from of 2.5% in November.

The NSO noted that the highest annual inflation rates in December were recorded in education (4.3%) and food and non-alcoholic beverages (3.7%).

The lowest annual inflation rates were registered in communication (-5.5%) and clothing and footwear (-3.2%).

The largest upward contribution to the overall annual inflation was measured in the food and non-alcoholic index (+0.68 percentage points) largely due to higher prices of meat.

The NSO said that the largest downward contribution was recorded in the communication index (-0.20 percentage points) mainly reflecting the lower prices of mobile phone services.

The 12-month moving average rate for December stood at 2.4%.

In December 2025, the annual rate of change registered by the Maltese All-items HICP was 2.4%, the NSO said that this was 0.4 percentage points higher than the 2.0% registered in the euro area.

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