Luxembourg's producer prices declined 3.6 percent year-on-year in August 2019, following a 3.8 percent fall in the previous month. Cost dropped less for intermediate (-6.5 percent from -6.6 percent in July) and consumer goods (-5.3 percent from -6.6 percent). In contrast, prices of equipment goods eased (2.9 percent from 3 percent) while inflation was steady for energy (at 7.6 percent). On a monthly basis, producer prices went up 1.1 percent, rebounding from a downwardly revised 0.4 percent decrease in the prior month. Producer Prices Change in Luxembourg averaged 2.15 percent from 1981 until 2019, reaching an all time high of 26.30 percent in April of 1982 and a record low of -14 percent in September of 2009.
Producer Prices Change in Luxembourg is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Luxembourg to stand at 1.50 in 12 months time. In the long-term, the Luxembourg Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.