Malta, food inflation remains high

LA VALLETTA (ITALPRESS/MNA) – Food inflation in Malta continue to rise according to a report issued by the Central Bank of Malta. In its Economic Update, the Central Bank food inflation rose to 7.5% in November from 6.8% a month earlier, even though the annual inflation decreased slightly to its lowest level in 12 months. Inflation stood at 3.6% in November, 0.1 percentage point lower than in October.
The decline was driven by lower inflation in several sectors with transport and communication going into negative territory and furnishings and household equipment slowing down to 3.2% from 4.5%. Inflation also slowed down in beverages and tobacco (down to 3.9% from 5%), while clothing and footwear fell by just under a percentage point.
Energy prices remained unchanged, reflecting the Maltese government support to maintain electricity and fuel prices stable.
-photo Agenzia Fotogramma –

Source: medNews