Inflation continued to rise in September

The cost of living continued to inch upwards in September with the latest consumer price index released by Eurostat recording annual inflation at 2.5%.

The figures out today show that Malta’s inflation rate last month was above the EU average of 2.2% and the euro zone average of 2.1%.

The annual rate of inflation in August stood at 2.4% while in September last year, Eurostat recorded an annual inflation of 1.2% for Malta.

According to Eurostat, the lowest annual rates in September were registered in Denmark (0.5%), Greece (1.1%) and Ireland (1.2%). The highest annual rates were recorded in Romania (4.7%), Hungary (3.7%) and Bulgaria (3.6%).

Compared with August 2018, annual inflation fell in nine member states, remained stable in four and rose in 14.