Luxembourg's annual inflation rate rose to 1.9 percent in January of 2021 after a 0.6 percent growth in the previous month, due to a surge in clothing & footwear prices (20.7 percent vs 0.4 percent in December) as winter sales this year happened in February instead of January. Also, prices increased at a faster pace for furnishings, household equipment & routine household maintenance (2.4 percent vs 0.8 percent), and recreation & culture (3.1 percent vs 1.8 percent). Additionally, inflation eased for food & non-alcoholic beverages (1.2 percent vs 1.8 percent), and prices sunk at a softer pace for housing & utilities (-0.9 percent vs -1.1 percent) and transportation (-1.9 percent vs -2.3 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.3 percent increase in the previous month. Inflation is expected to rise to 1.7 percent in 2021, supported by higher oil prices, and edge up to 1.8 percent in 2022. source: STATEC, Luxembourg

Inflation Rate in Luxembourg averaged 2.09 percent from 1991 until 2021, reaching an all time high of 4.99 percent in October of 2005 and a record low of -1.35 percent in January of 1999. This page provides - Luxembourg Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Inflation Rate in Luxembourg is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Luxembourg to stand at 1.60 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 1.60 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Luxembourg Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.90 0.60 4.99 -1.35 1991 - 2021 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 11:00 AM Oct 0.7% 0.7% 0.6%
2020-12-09 11:00 AM Nov 0.4% 0.7% 0.6%
2021-01-08 11:00 AM Dec 0.6% 0.4% 0.7%
2021-02-17 10:00 AM Jan 1.9% 0.6% 0.8%
2021-03-05 10:00 AM Feb 1.9% 2%
2021-04-07 09:00 AM Mar
2021-05-05 09:00 AM Apr
2021-06-09 09:00 AM May


News Stream
Luxembourg Inflation Rate at 1-Year High
Luxembourg's annual inflation rate rose to 1.9 percent in January of 2021 from 0.6 percent n the previous month, due to a surge in clothing & footwear prices (20.7 percent vs 0.4 percent in December) as winter sales this year happened in February instead of January. Also, prices increased at a faster pace for furnishings, household equipment & routine household maintenance (2.4 percent vs 0.8 percent), and recreation & culture (3.1 percent vs 1.8 percent). Additionally, inflation eased for food & non-alcoholic beverages (1.2 percent vs 1.8 percent), and prices sunk at a softer pace for housing & utilities (-0.9 percent vs -1.1 percent) and transportation (-1.9 percent vs -2.3 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 0.3 percent increase in the previous month. Inflation is expected to rise to 1.7 percent in 2021, supported by higher oil prices, and edge up to 1.8 percent in 2022.
2021-02-17
Luxembourg December Inflation Rate Edges Up to 0.6%
Luxembourg's annual inflation rate rose to 0.6 percent in December of 2020 from a six-month low of 0.4 percent in the previous month, amid higher prices of miscellaneous goods & services (2.8 percent vs 2.7 percent in November) and recreation & culture (1.8 percent vs 0.7 percent). On a monthly basis, consumer prices went up 0.3 percent, after decreasing 0.2 percent in the previous month.
2021-01-08
Luxembourg Inflation Rate Slows to 6-Month Low
Luxembourg's annual inflation rate eased to a six-month low of 0.4 percent in November 2020 from 0.7 percent in the previous month, as prices rose at a softer pace for food and non-alcoholic beverages (2.8 percent vs 3.0 percent in October), restaurants and hotels (2.2 percent vs 2.4 percent), miscellaneous goods and services (2.7 percent vs 3.0 percent), and recreation and culture (0.7 percent vs 2.3 percent). Meanwhile, furnishings, household equipment and routine household maintenance inflation was unhanged at 0.8 percent, while cost declined for transport (-2.7 percent vs -2.8 percent) and housing, water, electricity, gas and other fuels (-1.6 percent, the same as in October). On a monthly basis, consumer prices fell 0.2 percent in November.
2020-12-09
Luxembourg Inflation Rate Unchanged in October
Luxembourg's annual inflation rate stood at 0.7 percent in October 2020, unchanged from the previous month, with main upward pressure coming from miscellaneous goods and services (3.0 percent), food and non-alcoholic beverages (3.0 percent), restaurants and hotels (2.4 percent), recreation and culture (2.3 percent), and furnishings, household equipment and routine household maintenance (0.8 percent). Meanwhile, cost declined for transport (-2.8 percent) and housing, water, electricity, gas and other fuels (-1.6 percent). On a monthly basis, consumer prices were unchanged.
2020-11-09

Luxembourg Inflation Rate
In Luxembourg, the most important category in the consumer price index is Transport (16.2 percent of total weight). Miscellaneous Goods and Services accounts for 15.8 percent; Housing and Utilities for 15.2 percent; Food and Non-Alcoholic Beverages for 12.2 percent; Furnishings, household equipment and routine household maintenance for 8.4 percent; Recreation and Culture for 7.9 percent and Restaurants and Hotels for 7.1 percent. Clothing and Footwear; Alcoholic beverages and tobacco; Communication; Health and Education account for the remaining 24.3 percent of total weight.