FX.co ★ Malta Inflation Hits 10-Month Low

Malta’s annual inflation rate slowed to 2.3% in January 2026, down from an upwardly revised 2.5% in December, reaching its lowest level since March 2025. Price growth eased in several categories, including transport (1.6% vs 2.7%), housing and utilities (1.7% vs 1.8%), furnishings, household equipment and routine maintenance (1.8% vs 2.2%), and alcoholic beverages and tobacco (1.7% vs 2.2%).

Prices were unchanged for food and non-alcoholic beverages (3.7%) and health (3.3%). Meanwhile, inflation accelerated in recreation and culture (3.9% vs 3.4%), education (4.4% vs 4.3%), restaurants and hotels (3.7% vs 3.1%), and miscellaneous goods and services (3.8% vs 3.5%). Deflation moderated in clothing and footwear (-2.7% vs -3.2%) and communication (-2.6% vs -5.5%).

On a monthly basis, consumer prices fell by 0.6% in January, following a 0.4% decline in the previous month.