Malta leads EU in inflation rise

According to Eurostat figures published yesterday, Malta's inflation rate of 3.2 per cent in September was much higher than the EU average of 2.1 per cent. The European Union normally sets a limit of three per cent as the benchmark in which member...

According to Eurostat figures published yesterday, Malta's inflation rate of 3.2 per cent in September was much higher than the EU average of 2.1 per cent.

The European Union normally sets a limit of three per cent as the benchmark in which member states can operate. An inflation rate over this is considered as very high and unsustainable.

According to Eurostat, in September, the lowest annual rates were observed in Finland (0.2 per cent), Denmark (0.9 per cent), the Netherlands and the United Kingdom (both 1.1 per cent). The highest rates were recorded in Latvia (7.7 per cent), Hungary (6.7 per cent), Slovakia (6.4 per cent) and Poland (4.7 per cent).

Compared with August, the annual inflation rate rose in three member states, fell in 20 and remained stable in two. Malta registered the highest monthly rise in inflation in the EU with a 0.7 per cent difference in just one month.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.