01 Jan Malta below Euro area inflation in December
Malta registered the lowest rate of inflation in the euro area in December, according to data issued by Eurostat.
The EU’s statistics office said the island’s inflation stood at 1.3 per cent, 1.4 per cent below the average in the 17-member eurozone. The rate of inflation in December was, in fact, the lowest registered in Malta for the year, after the island registered a significant four per cent inflation in 2010.
Across the EU, the lowest annual rate of inflation last month was seen in Sweden (0.4 per cent) and Malta and Bulgaria (two per cent), while the highest was in Slovakia (4.6 per cent), Poland (4.5 per cent) and Cyprus (4.2 per cent).
Fuel used for transport, heating oil and gas and electricity once again had the largest upwards impact on the EU’s inflation rate.
Source: Times of Malta – Monday 23rd January 2012