Luxembourg Producer Prices Fall at Softer Pace

Producer prices in Luxembourg declined 5.4% year-on-year in April 2026, easing from a revised 7.8% drop in the previous month and marking the ninth consecutive month of contraction. The slower pace of decline reflected easing deflation across key categories, including consumer goods (-13.5% vs -15.9% in March), energy goods (-8.3% vs -19.1%), and intermediate goods (-3.8% vs -4.1%). Conversely, inflation for capital goods increased (1.7% vs 1.3%). On a monthly basis, producer prices rose 1.2% in April, following a 0.8% increase in the prior month.

Producer prices in Luxembourg fell 6.3% year-on-year in March 2026, easing from a revised 6.8% decline in the previous month. This marked the eighth consecutive month of producer deflation, as prices for intermediate goods continued to fall, though at a slower pace (-4.1% vs -5.5% in February), while costs for capital goods held steady at -9.2%. Meanwhile, deflation in energy goods deepened further to -15.9% from -13.1%, while prices for consumer goods were unchanged after declining 0.7% in February. On a monthly basis, producer prices increased 0.7% in March, following a 0.5% increase in the preceding period.

Producer prices in Luxembourg dropped by 4.6% from the previous year in February of 2026, stretching the revised 3.8% decline in the previous month to mark the sharpest deflation rate since July of 2024. Prices fell for producers making consumer goods (-13.1%) and energy (-9.2%), before benchmark energy costs were due to rise in March due to tight supply following the outbreak of war in the Middle East. In turn, costs fell less for capital goods producers (-0.7%) and intermediate goods producers (-1.9%).