Inflation Rate (CPI): Malta

Analysis# Malta Inflation Rate (CPI) Malta's inflation rate stands at 2% in 2026, reflecting stable price growth well below its historical extremes. The country experienced its peak inflation of 11.6% in 1981 and its lowest point of -0.9% deflation in 1983. Since 1980, the overall inflation rate has declined by 25.9 percentage points, indicating a long-term shift toward price stability despite periodic fluctuations. The most significant disruption occurred in 2022, when inflation surged to 6.1%—the highest level in four decades—driven by global energy and supply chain pressures. This spike moderated through 2023 (5.6%) and 2024 (2.4%), returning to the current 2% forecast for 2026. Malta's recent trajectory suggests a sustained return to low, controlled inflation aligned with eurozone norms, indicating successful monetary policy management following the pandemic-era volatility.