9
NEWS
ANALYSIS
maltatoday | WEDNESDAY • 14 DECEMBER 2022
proportion of respondents
who back in October 2021
had believed that inflation
was higher than in the pre-
vious year.
The percentage of re-
spondents who believed
that this year's inflation
was higher than in the pre-
vious year was the highest
proportion observed since
2008.
The perception that the
inflation rate was higher
this year compared to last
year is shared by n absolute
majority of respondents in
all euro-area countries, ex-
cept in Luxembourg (47%)
and Malta (41%). Exclud-
ing these two countries, the
proportion expecting high-
er inflation ranges from
54% in Portugal to 91% in
Finland.
The inhabitants of Luxem-
bourg were the most like-
ly to believe that prices in
2022 were even lower than
in 2021 (27%) followed by
the Maltese (20%). But this
view was only shared by 7%
of Eurozone inhabitants.
The survey also shows that
57% of the Maltese claim
that their household income
has remained the same in
the past year while the rest
were equally split between
those whose income de-
creased (22%) and those
whose income increased
(21%). On this aspect Malta
followed the same pattern
of the Eurozone.
But the Maltese are more
optimistic than other Eu-
rozone inhabitants. While
29% of the Maltese expect
their income to increase in
2023 only 23% of respond-
ents living in the whole Eu-
rozone have the same ex-
pectation.
inflation
Think inflation rate was higher this year than last year (%)
