That island is Malta, and to compensate our shortfall here, we import 90% of all our needs, including food, leaving it particularly vulnerable to overseas market changes. The recent surge in inflation, primarily triggered by post-pandemic disruptions and the war in Ukraine, has presented considerable challenges for many countries including Malta.
Only recently have prices begun to stabilize, making the weekly shop a more predictable affair, which is a relief for many. Unfortunately, a constant sense of dread remains, fearing that the inflation beast may return, possibly sooner and hungrier than before.
In January 2024, an upcoming EU-wide carbon tax on shipping is anticipated to have significant repercussions for European consumers, not least those of us in Malta.