Malta - Consumer Price Index (CPI)

For Malta, the Harmonized Index of Consumer Prices (HICP) measures the change in prices of goods and services bought for the purpose of consumption by households within the country, and is standardized for comparability across member states of the EU. Malta does not produce a separate national CPI.

Active:

• Classification: ECOICOP ver.2
• Measurement: Fixed-base index relative to 2025 (Index 2025=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date: Uniformly 2025m1

Predecessors:

• ECOICOP ver.1, 2015=100 - 2010m1 to 2025m12
• 2005=100 - 2005m1 to 2015m12 ("_05")
• 2002=100 - 2003m1 to 2005m12 ("_02")

Global concept aliases:

• CPI
• HICP

The source writes:

The Harmonised Index of Consumer Prices (HICP) is calculated according to rules specified in a series of European Union Regulations that were developed by the EU statistical office – Eurostat - in conjunction with the EU Member States. 

The HICP is used to compare inflation rates across the European Union. Since January 1999 the European Central Bank (ECB) has also used it as the measure of price stability across the Euro area. Indeed, the HICP was developed in the EU for the purpose of assessing whether prospective members of European Monetary Union would meet the inflation convergence criterion and then of acting as the measure of inflation used by the European Central Bank to assess price stability in the euro area. The main requirement therefore was for a measure that could be used to make reliable comparisons of inflation rates across EU Member States. Such comparisons are not possible using national consumer price indices due to differences in index coverage and construction.  

The HICP uses National Accounts concepts of what constitutes household consumption in determining the index. It also uses National Accounts data to weight the items in the HICP basket.  As a result, there is coherence between the HICP commodity coverage and National Accounts.  HICP weights are based on the final consumption expenditure of all individuals in the domestic territory, including spending by private households, institutional households and foreign visitors.  National Accounts have also influenced the classification of goods and services within this index.

Figures may not add up due to rounding.

Moody's Analytics supplements

For Malta, we do not back-extend nor construct SA counterparts.

Yes.

The HICP is a chain index that is annually subject to review.  Please note that the re-basing operation is conducted after rounding all past indices to one decimal place as required by Eurostat. Therefore, there might be slight differences when comparing this series with past data due to rounding.

The above mentioned index weighting scheme is updated annually in accordance with Commission Regulation (EU) No. 1114/2010. 

Further reading

At the source:

• Harmonised Index of Consumer Prices (HICP): January 2026 (Feb 2026)

At Eurostat:

• Harmonised indices of consumer prices (HICP) » Overview

At IMF (SDDS Plus):

• Price index: consumer prices (Jan 2026)

• Nov 2005 - Initial version.
• Feb 2016 - Rebased to 2015.
• 20 Apr 2026, Phillip Thorne - Reclassified and rebased to 2025: Description, Properties, Methodology, Moody's Analytics supplements, Further reading.