Want to Know About the Cost of Living in Malta in 2025
Malta has implemented several measures to address the cost of living for 2025. Key developments include:
Cost of Living Adjustment (COLA):
- Weekly Increase: A COLA of €5.24 per week has been established for 2025, applicable to all employees and pro-rata for student stipends. This adjustment is designed to offset inflation and maintain purchasing power.
Minimum Wage:
- Increase: The national minimum wage will rise by €8.24 per week, reaching €221.78 per week in 2025. Notably, this increase will remain untaxed.
Additional COLA Payments:
- Support for Low-Income Households: Approximately 100,000 families with lower incomes will receive additional COLA payments, ranging from €100 to €1,500 annually. These payments are intended to provide extra support amid inflationary pressures.
Inflation Projections:
- Expected Decrease: Inflation in Malta is projected to decrease from 6.4% in 2023 to 2.1% by 2025, indicating a potential easing of cost pressures in the near future.
These measures reflect Malta's commitment to mitigating the impact of living costs on its residents through wage adjustments and targeted financial support.
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