‘Stabbiltà’ continues to lower inflation

The lowest inflation rate observed in Malta since October 2021.

Statistics released by Eurostat show that, while across the euro area inflation increased between April and May, in Malta it continued to fall. In fact, the first estimates of the EU agency indicate that the inflation rate across the euro area increased from 2.4% to 2.6%. In contrast in Malta the rate decreased from 2.4% to 2.3%. This is the lowest rate observed since October 2021 for Malta.

In the same month last year inflation in Malta was 6.3%, or almost three times higher. Between 1998 and 2013 inflation averaged 2.5%.

Meanwhile, according to Eurostat, in May food price inflation continued to fall. It has now fallen to 4.3%, from 4.7% a month earlier. It is worth recalling that, until the introduction of Stabbiltà, in January food price inflation stood at 8.7%. This means that over four months this rate has halved and has come close to the average observed since March 2013.

Since Stabbiltà started, the decline in Malta’s inflation rate was one and a half times that seen across Europe. In contrast, between October and January, while in Malta food inflation was accelerating, across Europe it was falling. This fact confirms how much Stabbiltà has changed inflation trends in Malta, and has led to an improvement in living standards.

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