Malta’s retail price index grows to 1.9% in June

(source: Unsplash//Mika Baumeister)

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The annual rate of inflation as measured by the Retail Price Index (RPI) in Malta increased to 1.9% in June, up from 1.87% in May, according to the latest figures published by the National Statistics Office (NSO). 

In addition, the twelve-month moving average rate for June stood at a 1.62% rate, as the NSO figures show.

The highest annual inflation was recorded in the sectors of food (4.24%) and housing (2.39%). Moreover, the lowest was registered in water, electricity, gas and fuels (0.03%), household equipment and household maintenance costs (0.20%). 

The largest upward impact was in the food index, with +0.91 percentage points, due to higher prices of take-aways. While the second and the third were measured in the transport and communication index (+0.40pp) and in the housing index (+0.19pp), mainly due to higher prices of fuels and house maintenance services, respectively. 

Moreover, no downward impacts were reported. 

The full report including charts and visual representation of data is available for download at the NSO website.