Inflation down 4.4 per cent
Malta no longer tops the inflation league in the 16-member euro area and has been surpassed by Finland following months in pole position.
According to new inflation figures issued by Eurostat yesterday, Malta's inflation last August stood at one per cent, 0.2 per cent above July's but 4.4 per cent below that of 12 months earlier.
However, although Malta's inflation has been almost in free fall over the past months, particularly due to the stabilisation of international oil prices, the Harmonised Index of Consumer Prices (HICP) is still higher than the average in the euro area, which at the moment is in deflation mode.
The statistics office said the average annual inflation in the euro area last month stood at -0.2 per cent as against-0.7 per cent in July.
The lowest annual rates were observed in Ireland (-2.4 per cent), Portugal (-1.2 per cent) and Cyprus (-0.9 per cent) and the highest rates were registered in Hungary (five per cent), Romania (4.9 per cent) and Poland (4.3 per cent).
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Joanna Bonello
Sep 18th 2009, 14:32
Mrs Rita Aebla don't beleive everything you read in the papers i want to see solid proof that my weekly shopping bill is less then say this week's or even next week's> i have a family of three young ones starting school soon, and i have a job to make ends meet, what with unifroms, books, shoes, etc. etc., and the list goes on.
Mrs.Rita Abela
Sep 17th 2009, 23:34
quite right Mr.Scullion, but can you answer me this question:- Have you seen any difference in your weekly shopping at all, or are you still forking out same as before? cause i'm blowed if i have seen my weekly shopping bill regarding necessities such as food(perishables) going down.and my purse still feeling the pintch.
Galea. L
Sep 17th 2009, 21:43
Robert Scullion
If for you my comment is negative because I asked for our wages to be considered with Finnish wages then so be it but I shall continue to comment my way.
Robert Scullion
Sep 17th 2009, 14:44
@Galea. L
Always on the negative .. can't you be happy that inflation is down from 4.4% a year ago
or do you wish it was still that high, just so you can blame someone?
Galea. L
Sep 17th 2009, 10:09
Yes, but what about Finnish wages?