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Malta Inflation Rate Over Eu Average In December 2023

Malta Inflation Rate Over Eu Average In December 2023
Jan 17 2024 Share

In December, Malta experienced an inflation rate of 3.7%, a slight decrease from November’s 3.9%. However, it remained higher than the EU and Eurozone averages. 

The National Statistics Office revealed that the main contributors to Malta’s inflation were the Food and non-alcoholic beverages sector, with a substantial impact from rising vegetable prices.

Euro area inflation rose to 2.9% in December, up from 2.4% in November, while the EU recorded an annual inflation rate of 3.4%, an increase from 3.1% in November. A year earlier, the EU’s inflation rate was significantly higher at 10.4%.

The Food and non-alcoholic beverages Index had the most substantial impact on Malta’s inflation, followed by the Restaurants and hotels Index and the Housing, water, electricity, gas, and other fuels Index. 

The recent focus on food prices arose when the Maltese government urged retailers to lower prices by 15%, drawing criticism from the Chamber of Commerce.

In the EU, Denmark, Italy, and Belgium had the lowest annual inflation rates, while Czechia, Romania, and Slovakia recorded the highest. Eurostat reported that services had the most significant contribution to the euro area’s inflation rate in December, followed by food, alcohol & tobacco, non-energy industrial goods, and energy.

Meanwhile, the UK experienced unexpected inflation growth in December, challenging predictions of a slowdown and impacting hopes for an early interest rate cut.

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Two Hold Ups Within Hours Of Each Other Under Investigation

Two Hold Ups Within Hours Of Each Other Under Investigation
Jan 17 2024 Share

Two separate robberies are currently under police investigation, occurring within a short timeframe in St Paul’s Bay and Tarxien. 

The initial incident unfolded at 10:30 pm on Tuesday in St Paul’s Bay, where an individual wielding a knife successfully stole cash from a gaming outlet on Triq iċ-Ċern.

The second robbery transpired at 7:15 am on Wednesday in a grocery store on Triq Xintill, Tarxien. A hooded man, armed with a gun, demanded cash from the cashier and absconded with both money and other items, as reported by the police. 

The exact value of the stolen items was not disclosed, and fortunately, no injuries were reported in either incident. Authorities are actively pursuing leads to apprehend the perpetrators involved in these back-to-back hold-ups.

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€2 Million Investment For New MRI Scanner At St Vincent De Paul Day Hospital

€2 Million Investment For New MRI Scanner At St Vincent De Paul Day Hospital
Jan 17 2024 Share

This morning, a noteworthy announcement was made regarding a 2 million euro investment in the St. Vincent de Paul day hospital for the acquisition of new MRI scanner.

Marking the fourth MRI scanner on the island, an additional one is anticipated soon in Gozo.

Primarily dedicated to serving the elderly population, the newly revealed MRI boasts a magnetic strength of 1.5 tesla. This deliberate choice ensures a gentler impact on the older generation, distinguishing it from more powerful MRI alternatives in the market.

 

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Health Minister Jo Etienne Abela, newly appointed, delivered this announcement while commending the invaluable contributions of healthcare professionals. He underscored their pivotal role in maximizing the potential of this technology, emphasizing that without their expertise, the investment wouldn’t yield the same results.

Minister Abela stressed the imperative of staying abreast of cutting-edge technology in healthcare equipment to provide optimal services to those in need. This proclamation stands as the inaugural significant announcement from the Ministry of Health since the appointment of Minister Abela, succeeding former Health Minister Chris Fearne.

The funding for this significant project is sourced from the National Social Development Fund.

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Nick Diacono Teases New Burger Joint: Bulubeef Take Away

Nick Diacono Teases New Burger Joint: Bulubeef Take Away
Jan 17 2024 Share

Taking to Instagram, head chef at New York Best and Fat Louie’s Nick Diacono has teased the opening of a brand new burger joint, all about bulubeef!

 

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In a black and white video featuring tastebud tantalising burger cooking process, Nick teased the release with a simple caption: ‘something is brewing’.

We’ll have to wait a bit until Bulubeef Take Away is officially open, but we just cannot wait to bite into Nick’s classic culinary creations.

#MaltaDaily