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.