The Ministry of Finance yesterday reacted to statements by Opposition Leader Chalres Mangion (see page 8), that Malta’s average rate of inflation was 3.3% over the past 12 months, at par with the EU’s.
Finance Minister Tonio Fenech said that Malta was experiencing the impact of higher oil and food prices while inflation in Estonia, Lithuania, Bulgaria and Latvia had reached in double digits.
Fenech said the price of food in Malta was 1.1% higher than the EU’s average price because Malta imported practically all its food.
Fenech said the Consumer and Competition Division had conducted 12,655 price check visits over the past six months.
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.
