Malta's inflation rate in January was the second lowest in the Euro area.

At 1.5 per cent, it was was more than one per cent lower than the euro area's average, which reached 2.6 per cent.

Ireland was the only member states in the euro zone which managed to register a lower inflation rate than Malta in January, (1.3 per cent).

Compared to 12 months earlier, inflation in Malta shrunk from 3.3 per cent. In the euro area it rose from 2.3 per cent.

Eurostat said that in January 2012, the lowest annual rates were observed in Sweden (0.7 per cent), Ireland (1.3 per cent) and Malta (1.5 per cent), and the highest in Hungary (5.6 per cent), Estonia (4.7 per cent), Poland and Slovakia (both 4.1 per cent).

Compared to December, annual inflation fell in 16 member states, remained stable in two and rose in nine.

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