euroflation.

🇲🇹Malta inflation rate

released 2 Oct 2026 · data through September 2026 · flash estimate · next release expected 17 Oct 2026

Malta adopted the euro in 2008. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 2.4% as of September 2026. That is 0.4 percentage points above the ECB's 2% target, and 1.4 points below the eurozone average of 3.8%.

The breakdown shows core (excluding energy and food) at 2.5%, energy at 0.0%, food at 2.4% and services at 3.4%. The strongest pressure is in services (3.4%), while energy is the softest (0.0%).

Month on month the headline rose from 2.0% to 2.4%, extending the climb.

Malta ranks number 25 of 30 European economies by annual inflation, from highest to lowest, between Finland and Denmark.

Harmonised inflation (HICP) · annual rate
2.4%
vs 2% target
+0.4 pp

Harmonised inflation (HICP) is 2.4% as of September 2026 — that is 0.4 percentage points above the ECB's 2% target.

core (excluding energy and food)
2.5%
▲ 0.3 pp vs prev
energy
0.0%
0.0 pp vs prev
food
2.4%
▲ 0.7 pp vs prev
services
3.4%
▲ 0.7 pp vs prev
Malta — annual HICP inflation rate, last 10 years
Source: Eurostat (HICP) · data through September 2026 · modifications: none

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 2.4% as of September 2026 This is a flash estimate and may be revised at the final release..
Is Malta's inflation above or below the ECB's 2% target?
At 2.4%, it is 0.4 percentage points above the European Central Bank's 2% target.
How does Malta's inflation compare with the rest of Europe?
Malta ranks number 25 of 30 European economies by inflation, 1.4 points below the eurozone average of 3.8%.
Did Malta's inflation rise or fall last month?
Month on month, the headline rate rose from 2.0% to 2.4% in September 2026.

Malta — more indicators