Luxemburg Producer Deflation Deepens to 2.9%

Producer prices in Luxembourg fell by 2.9% year-on-year in December 2025, the biggest drop since August 2024, following a revised 2.7% decline in the previous month. Deflation persisted for the fifth consecutive month, driven by sharper decreases in prices for consumer goods (-12.5% vs -7.47%) and energy (-10.1% vs -5.51%). In contrast, intermediate goods prices rebounded (+0.74% vs -0.26%), while inflation for equipment goods eased to 0.73% from 2%. On a monthly basis, producer prices fell 0.29%, reversing a 0.05% increase in November.

Producer prices in Luxembourg fell by 2.3% year-on-year in October 2025, following a downwardly revised 1.5% drop in the previous month. This marked the third consecutive month of deflation and the sharpest pace in the sequence, as prices fell more sharply for energy (-10.5% vs -8.4%) and for consumer goods (-2.6% vs -2%). In contrast, deflation eased for intermediate goods (-0.5% vs -0.9%), while prices for capital goods remained steady (1.8%). On a monthly basis, producer prices fell 0.7%, slipping further from a 0.3% drop in the previous month.

Producer prices in Luxembourg fell by 1.8% year-on-year in September, after a 0.9% decrease in August, marking the second consecutive period of deflation. It was the lowest reading in a year, mainly on account of energy costs (-8.9% vs -9% in August). Prices also fell for intermediate goods (-0.9% vs -0.6%) and capital goods (-0.1% vs 0.1%), but increased for consumer goods (1.9% vs 7%). On a monthly basis, producer prices went down by 0.5% in September, following a 0.9% decrease in the previous month.