Malta with 1% inflation rate – 0.4% less than EU average

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Malta’s inflation rate was 1% in May 2017 which was 0.4% less than the EU average of 1.4% for the same period.

Euro area annual inflation was 1.4% in May 2017, down from 1.9% in April. In May 2016 the rate was -0.1%. European Union annual inflation was 1.6% in May 2017, down from 2.0% in April. A year earlier the rate was
-0.1%. These figures come from Eurostat, the statistical office of the European Union.

In May 2017, the lowest annual rates were registered in Ireland (0.0%), Romania (0.5%), Denmark and the Netherlands (both 0.7%). The highest annual rates were recorded in Estonia (3.5%), Lithuania (3.2%) and the United Kingdom (2.9%). Compared with April 2017, annual inflation fell in twenty-four Member States, remained stable in one and rose in three.

The largest upward impacts to euro area annual inflation came from fuels for transport (+0.19 percentage points), accommodation services (+0.07 pp) and heating oil (+0.06 pp), while telecommunications (-0.10 pp), garments
(-0.06 pp) and social protection (-0.04 pp) had the biggest downward impacts.