The annual inflation rate in Luxembourg rose to 0.8% in June of 2020 from 0.6 percent in May, which was the lowest since August of 2016. Prices advanced faster for recreation & culture (3.2 percent vs 2.6 percent in May); restaurants & hotels (2.8 percent vs 2.1 percent); miscellaneous goods & services (2.2 percent vs 2.1 percent); alcoholic beverages & tobacco (1.5 percent vs 1.1 percent) and health (1.1 percent vs 0.9 percent). In addition, costs fell less for transport (-4.1 percent vs -4.8 percent) and housing & utilities (-1 percent vs -2.4 percent). Meanwhile, inflation edged lower for food & non-alcoholic beverages (3.4 percent vs 3.6 percent) and furnishings (1.6 percent vs 2.2 percent). On a monthly basis, consumer prices went up 0.5 percent, after dropping 0.2 percent in the previous month.

Inflation Rate in Luxembourg averaged 2.12 percent from 1991 until 2020, 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 July of 2020.

Inflation Rate in Luxembourg is expected to be 0.60 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 1.80 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 1.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Luxembourg Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 4.99 -1.35 1991 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-03 09:30 AM Mar 0.9% 1.7% 1.6%
2020-05-06 09:30 AM Apr 0.6% 0.9% 0.8%
2020-06-08 09:30 AM May 0.2% 0.6% 0.4%
2020-07-08 10:15 AM Jun 0.8% 0.2% 0.4%
2020-08-05 09:30 AM Jul 0.8%
2020-09-04 09:30 AM Aug
2020-10-07 09:30 AM Sep 0.6%
2020-11-09 10:30 AM Oct


News Stream
Luxembourg June Inflation Rate Quickens to 0.8%
The annual inflation rate in Luxembourg rose to 0.8% in June of 2020 from 0.6 percent in May, which was the lowest since August of 2016. Prices advanced faster for recreation & culture (3.2 percent vs 2.6 percent in May); restaurants & hotels (2.8 percent vs 2.1 percent); miscellaneous goods & services (2.2 percent vs 2.1 percent); alcoholic beverages & tobacco (1.5 percent vs 1.1 percent) and health (1.1 percent vs 0.9 percent). In addition, costs fell less for transport (-4.1 percent vs -4.8 percent) and housing & utilities (-1 percent vs -2.4 percent). Meanwhile, inflation edged lower for food & non-alcoholic beverages (3.4 percent vs 3.6 percent) and furnishings (1.6 percent vs 2.2 percent). On a monthly basis, consumer prices went up 0.5 percent, after dropping 0.2 percent in the previous month.
2020-07-08
Luxembourg Inflation Rate at Near 3-1/2-Year Low of 0.6%
The annual inflation rate in Luxembourg dropped to 0.6 percent in April of 2020 from 0.9 percent in the previous month. This was the lowest inflation rate since November of 2016, mainly explained by lower prices of transport (-4 percent vs -1.6 percent in March) and housing & utilities (-1.7 percent vs -0.3 percent). In contrast, inflation picked up for food & non-alcoholic beverages (4.3 percent vs 3 percent); recreation & culture (3 percent vs 2.7 percent); alcoholic beverages & tobacco (3.1 percent vs 1.5 percent) ;miscellaneous goods & services (1.9 percent vs 1.5 percent) and furnishings (2.5 percent vs 1.5 percent). On a monthly basis, consumer prices edged down 0.1 percent, after decreasing 0.7 percent in the previous month.
2020-05-06
Luxembourg Inflation Rate Slows to Over 3-Year Low
The annual inflation rate in Luxembourg decreased to 0.9 percent in March of 2020 from 1.7 percent in the previous month. It was the lowest inflation since November of 2016, as cost slowed for miscellaneous goods & services (1.5 percent vs 1.7 percent in February). In addition, prices fell for both transport (-1.6 percent vs 2.5 percent) and housing & utilities (-0.3 percent vs 1.0 percent). On the other hand, cost advanced faster for food & non-alcoholic beverages (3 percent vs 1.8 percent). On a monthly basis, consumer prices went down 0.7 percent, after a 1.3 percent rise in February.
2020-04-03
Luxembourg Inflation Rate Slows to 1.7% in February
The annual inflation rate in Luxembourg decreased to 1.7 percent in February 2020 from the previous month’s eight month-high of 1.9 percent in the previous month. Cost slowed mainly for transport (2.5 percent from 3.7 percent) and housing & utilities (1.0 percent from 2.4 percent) while prices advanced faster for miscellaneous goods & services (1.7 percent from 1.6 percent) and food & non-alcoholic beverages (1.8 percent from 1.5 percent). On a monthly basis, consumer prices surged 1.3 percent, after a 0.6 percent fall in January.
2020-03-04

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.