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 July 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Luxembourg Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-04 11:00 AM Apr 7.0% 6.1% 7%
2022-06-08 10:00 AM May 6.8% 7.0% 7.3%
2022-07-06 10:00 AM Jun 6.8% 7%


Related Last Previous Unit Reference
Inflation Rate 6.80 7.00 percent May 2022
Consumer Price Index CPI 115.87 115.72 points May 2022
Harmonised Consumer Prices 118.95 118.30 points May 2022
GDP Deflator 119.36 124.66 points Mar 2022
Producer Prices 138.59 132.08 points Apr 2022
Inflation Rate Mom 0.10 0.80 percent May 2022
Producer Prices Change 32.40 29.00 percent May 2022
Food Inflation 5.50 5.43 percent May 2022
CPI Transportation 120.06 118.15 points May 2022
CPI Housing Utilities 118.66 121.40 points May 2022

Luxembourg Inflation Rate
In Luxembourg, the most important category in the consumer price index is Transport (16.2 percent of total weight). Miscellaneous Goods and Services accounts for 15.8 percent; Housing and Utilities for 15.2 percent; Food and Non-Alcoholic Beverages for 12.2 percent; Furnishings, household equipment and routine household maintenance for 8.4 percent; Recreation and Culture for 7.9 percent and Restaurants and Hotels for 7.1 percent. Clothing and Footwear; Alcoholic beverages and tobacco; Communication; Health and Education account for the remaining 24.3 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 7.00 7.00 -1.35 1991 - 2022 percent Monthly
2015=100

News Stream
Luxembourg Inflation Eases from Record Peak
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.
2022-06-08
Luxembourg Inflation Rate at New All-Time High
Luxembourg’s annual inflation rate rose to a fresh all-time high of 7.0 percent in April of 2022, quickening from 6.1 percent in the previous month, underpinned by faster increases in prices of housing & utilities (12.7 percent vs 12.0 percent in March); transports (11.5 percent vs 10.8 percent); and miscellaneous goods & services (5.3 percent vs 4.9 percent). Upward pressure was also notable in foods & non-alcoholic beverages (5.4 percent vs 3.9 percent); furnishings & household maintenance equipment (5.1 percent vs 4.2 percent); and restaurants & hotels (5.5 percent vs 4.6 percent). On a monthly basis, consumer prices went up 0.8 percent, easing from a 1.0 percent increase in the previous month.
2022-05-04
Luxembourg Inflation Eases from Record Peak
Luxembourg’s annual inflation rate climbed 6.1 percent in March of 2022, easing from a record high of 6.6 percent in the previous month. Prices eased for furnishings and household maintenance equipment (4.1 percent vs 5.3 percent in February) and clothing & footwear (1.8 percent vs 20.6 percent). On the other hand, prices advanced faster for transport (10.8 percent vs 8.6 percent), miscellaneous goods and services (4.9 percent vs 4.7 percent), housing & utilities (12 percent vs 11.3 percent) and food and non-alcoholic beverages (3.9 percent vs 3.4 percent). On a monthly basis, consumer prices went up 1.0 percent, following a 2.2 percent increase in the previous month.
2022-04-08