Producer prices in Luxembourg rose 1.5 percent year-on-year in March 2019, following a downwardly revised 0.6 percent gain in the previous month. Cost increased further for intermediate goods (1.6 percent vs 0.6 percent in February) while consumer goods prices fell at a softer pace (-4.6 percent vs -5.1 percent). Meanwhile, cost of equipment goods slowed (3.3 percent vs 3.5 percent) while inflation was steady for energy (at 9.3 percent). On a monthly basis, producer prices went up 0.4 percent, after rising 0.3 percent in the prior month. Producer Prices Change in Luxembourg averaged 2.19 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 2.50 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 2.20 in 12 months time. In the long-term, the Luxembourg Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.