Malta registers lowest annual inflation in the EU as rate stands at 6.1%

Published by

The Malta Business Weekly

2 years ago

Malta registered the lowest annual inflation rate in the EU last June, but increased by 0.3% from last May, according to Eurostat data.

Eurostat said in a statement that the euro area annual inflation rate was 8.6% in June 2022, up from 8.1% in May. A year earlier, the rate was 1.9%.

European Union annual inflation was 9.6% in June 2022, up from 8.8% in May. A year earlier, the rate was 2.2%.

The data also found that the lowest annual rates were registered in Malta (6.1%), France (6.5%) and Finland (8.1%), while the highest annual rates were recorded in Estonia (22.0%), Lithuania (20.5%) and Latvia (19.2%).

Compared with May, annual inflation fell in two Member States and rose in twenty-five.

In June, the highest contribution to the annual euro area inflation rate came from energy (+4.19%), followed by food, alcohol & tobacco (+1.88%), services (+1.42%) and non-energy industrial goods (+1.15%), the data showed.

The Malta Business Weekly

In 1994, the Malta Business Weekly became the first newspaper fully dedicated to business. Today this newspaper is a leader in business and financial news. Together with the launch of the MBW newspaper, the company started organising various business breakfasts to discuss various current issues that were targeting the business community in Malta.