🇲🇹Malta inflation rate
Malta adopted the euro in 2008. Harmonised inflation (HICP) — the EU-wide measure the European Central Bank targets at 2% — stands at 2.1% as of May 2026. That is 0.1 percentage points above the ECB's 2% target, and 1.1 points below the euro-area average of 3.2%.
The breakdown shows core (excluding energy and food) at 2.3%, energy at 0.0%, food at 1.9% and services at 3.3%. The strongest pressure is in services (3.3%), while energy is the softest (0.0%).
Month on month the headline eased from 2.5% to 2.1%, a step down from the month before.
Harmonised inflation (HICP) · annual rate
2.1%
vs 2% target
+0.1pp
Malta's harmonised inflation is 2.1% as of May 2026 — abovethe European Central Bank's 2% target by 0.1 percentage points.
Core (excl. energy & food)
2.3%
▼ 0.1pp vs prev
Energy
0.0%
0.0pp vs prev
Food
1.9%
▼ 1.5pp vs prev
Services
3.3%
▼ 0.1pp vs prev
Source: Eurostat (HICP) · data through May 2026 · modifications: none
Compare with the rest of the bloc on the eurozone inflation ranking →