Front page.
NEWS | Wednesday, 27 August 2008

Labour demands explanations behind soaring cost of living

Labour yesterday urged the government to explain Malta’s rising cost of living as the Retail Price Index over the last year soared by almost 5%, ranking among the highest among EU member states.
This compares very badly with the eurozone countries where inflation remained stable between January and July at around 1.7%, excluding the impact of oil and food prices, whereas Malta’s soared from 2.8% to 4.3% in the same period.
“The government is conveniently hiding behind the international prcies of food and fuel, but it keeps avoiding the question as to why their impact is felt more here, with the consequence that our inflation rate is among the highest in the EU and in the eurozone,” said the MLP speaker on finances, Charles Mangion.
“Government has to explain why this is so, as even when one eliminates the impact of food and fuel the inflation rate remains among the highest.”
He added that considering that wages increases were among the lowest in the EU, Maltese families are ending up with lesser purchasing power.


Any comments?
If you wish your comments to be published in our Letters pages please click button below.
Please write a contact number and a postal address where you may be contacted.

Search:



MALTATODAY
BUSINESSTODAY


 

MaltaToday News
27 August 2008

Azzopardi’s invisible moving tuna ranch

MaltaToday responds to tuna libels

Clouds over Comino

Malta ship impounded over anti-terror shortcomings

Villa Madama in €885,161 court auction

Chamber calls for Constitutional entrenchment of new rent laws

Heritage and safety ignored to make way for Nadur apartments

NSO injury stats are inflated, OHSA says

‘Human cost of accidents at work too high’ – AD

Malta to face sheer drop in population by 2060

AD, Labour hit out at Sam Mifsud

Environmental NGOs request online access to Ta’ Cenc plans

Karl Chircop to be flown to UK

Labour demands explanations behind soaring cost of living

€23,000 donation for China earthquake victims

Labour’s euro-strategy – orchestra or cacophony?

40% of Maltese hold Euro health insurance card

Inflation not higher than EU average – ministry



Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 9016, Malta, Europe
Managing editor Saviour Balzan | Tel. ++356 21382741 | Fax: ++356 21385075 | Email