Malta’s EU measure of inflation continued its rising trend in May, data from the National Statistics Office showed on Tuesday.
The harmonized index of consumer prices, or HICP, increased 6.1 percent year-on-year in May, faster than the 5.8 percent rise in April.
Prices for food and non-alcoholic beverages grew the most, by 10.0 percent, annually in May. This was followed by a 9.0 percent surge in utility costs.
Costs for recreation and culture registered an increase of 7.3 percent and transport charges grew 6.0 percent.
On a monthly basis, the HICP increased 1.7 percent in May.
The material has been provided by InstaForex Company – www.instaforex.com
- Interest Rate Concerns Continue To Weigh On Treasuries - February 6, 2023
- *U.S. Dollar Strengthens To Near 4-week High Of 132.61 Against Yen - February 6, 2023
- *U.S. Dollar Advances To Near 4-week High Of 1.0756 Against Euro - February 6, 2023