Malta’s annual inflation in November 2023 stood at 3.9%, down by 2.9% from the same month last year, the NSO said Friday.
Inflation also dropped by 0.3% from the previous month, the statistics show.
The euro area annual inflation rate was 2.4% in November 2023, down from 2.9% in October.
A year earlier, the rate was 10.1%. European Union annual inflation was 3.1% in November 2023, down from 3.6% in October. A year earlier, the rate was 11.1%.
The lowest annual rates were registered in Belgium (-0.8%), Denmark (0.3%) and Italy (0.6%).
The highest annual rates were recorded in Czechia (8.0%), Hungary (7.7%), Slovakia and Romania (both 6.9%). Compared with October, annual inflation fell in twenty-one Member States, remained stable in three and rose in three.
In November 2023, the largest upward impact on annual inflation was registered in the Food and non-alcoholic beverages Index (+1.45 percentage points), largely due to higher prices of bakery products. The second and third largest impacts were measured in the Restaurants and hotels Index (+0.86 percentage points) and the Housing, water, electricity, gas and other fuels Index (+0.53 percentage points), mainly on account of higher prices of restaurant services and rents, respectively.
A downward impact on annual inflation was registered in the Communication Index (-0.37 percentage points), mainly reflecting lower prices of mobile phone services.