Luxembourg’s annual inflation rate eased to 6.8 percent in May of 2022 from a record high of 7 percent in April, as prices of housing & utilities grew at a slower pace (9.7 percent vs 12.7 percent). Meanwhile, prices continued to rise for food and non-alcoholic beverages (5.5 percent vs 5.4 percent in April), transports (12.7 percent vs 11.5 percent), miscellaneous goods and services (5.8 percent vs 5.3 percent), furnishings and household equipment (6 percent vs 5.1 percent), and restaurants and hotels (5.9 percent vs 5.5 percent). On a monthly basis, consumer prices edged 0.1 percent higher, slowing sharply from a 0.8 percent rise in the previous month. source: STATEC, Luxembourg
Inflation Rate in Luxembourg averaged 2.15 percent from 1991 until 2022, reaching an all time high of 7 percent in April of 2022 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 June of 2022.
Inflation Rate in Luxembourg is expected to be 6.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Inflation Rate is projected to trend around 4.30 percent in 2023 and 2.00 percent in 2024, according to our econometric models.