Inflation Malta 2022
Average inflation: 6.1%
Current Inflation
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 7.5%. The lowest inflation was in January at 3.9%.
- Highest month
- September: 7.5%
- Lowest month
- January: 3.9%
- Difference
- 3.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 10.5%. The lowest price increase was in Energy with an average of 0.0%.
- Highest increase
- Food: 10.5%
- Lowest increase
- Energy: 0.0%
Historical Context
Current inflation is 3.9% higher than the 5-year average of 2.2%. This approaches the highest level since records began (6.1% in 2022).
- 5-year average
- 2.2%
- 10-year average
- 1.5%
- All-time high (2022)
- 6.1%
- All-time low (2014)
- 0.3%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +4.6 percentage point.
- Change vs. previous year
- +4.6 percentage points
- Largest monthly swing
- September: +5.3 percentage points
ECB Target
Inflation is 4.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.9% | +3.6 |
| February | 4.2% | +4.0 |
| March | 4.4% | +4.0 |
| April | 5.7% | +4.8 |
| May | 6.0% | +4.7 |
| June | 6.2% | +4.7 |
| July | 6.8% | +5.0 |
| August | 7.0% | +4.9 |
| September | 7.5% | +5.3 |
| October | 7.5% | +5.2 |
| November | 7.1% | +4.7 |
| December | 7.4% | +4.8 |
| Average | 6.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.