Malta’s annual inflation rate stood at 2.3% in October, well below the euro area average of 4%, as rising energy prices continue to drive inflation across Europe.New figures published by Eurostat show that inflation across the euro area increased from 3.8% in September to 4% in October, while Malta recorded a slight decrease from 2.4% to 2.3%.Malta registered the lowest annual inflation rate among the 21 euro area countries, followed by Germany at 2.8% and Slovakia at 2.9%.At the other end of the scale, Lithuania recorded the highest inflation rate at 6.1%, followed by Bulgaria at 6%, while Greece and Italy both registered 5.6%.The figures show that energy prices remain the main driver of inflation across the eurozone, with energy inflation reaching 20.8% in October, up from 18.9% in September.Services inflation also increased slightly from 3.2% to 3.3%, while food, alcohol and tobacco inflation rose from 1.3% to 1.6%.Prices for non-energy industrial goods increased by 1.2%, compared to 1.1% the previous month.Meanwhile, core inflation, which excludes energy, food, alcohol and tobacco, remained unchanged at 2.5%.Despite Malta’s relatively low inflation rate, the figures do not mean that prices are falling. An annual inflation rate of 2.3% means that consumer prices are still increasing compared to the same period last year, albeit at a slower pace than in most other euro area countries.Malta’s inflation rate was also slightly lower than the 2.5% recorded in October 2025.The latest figures are based on Eurostat’s flash estimate, with the full inflation data for October expected to be published on 18th November.Do you feel that Malta’s relatively low inflation rate is reflected in the prices you pay for everyday goods and services?•