🇲🇹Malta inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 2026
Malta adopted the euro in 2008. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 2.1% as of July 2026. That is 0.1 percentage points above the ECB's 2% target, and 0.9 points below the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 2.3%, energy at 0.0%, food at 1.7% and services at 3.1%. The strongest pressure is in services (3.1%), while energy is the softest (0.0%).
Month on month the headline rose from 2.0% to 2.1%, extending the climb.
Malta ranks number 24 of 30 European economies by annual inflation, from highest to lowest, between France and Estonia.
Malta's harmonised inflation is 2.1% as of July 2026 — abovethe European Central Bank's 2% target by 0.1 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Malta's current inflation rate?
- Malta's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 2.1% as of July 2026.
- Is Malta's inflation above or below the ECB's 2% target?
- At 2.1%, it is 0.1 percentage points above the European Central Bank's 2% target.
- How does Malta's inflation compare with the rest of Europe?
- Malta ranks number 24 of 30 European economies by inflation, 0.9 points below the eurozone average of 3.0%.
- Did Malta's inflation rise or fall last month?
- Month on month, the headline rate rose from 2.0% to 2.1% in July 2026.