Luxembourg’s annual inflation rate eased to 6.7 percent in July of 2022 from a record-high of 7.4 percent in the previous month, marking the slowest rise in consumer prices since March. Prices decelerated for housing and utilities (8.9 percent vs 9.9 percent in June) and transportation (12.4 percent vs 15.1 percent), amid a sharp decline in inflation of petrol products (43.6 percent vs 56.3 percent). On the other hand, prices continued to rise faster for food and non-alcoholic beverages (7.5 percent vs 6.8 percent), furnishings and household maintenance (6.7 percent vs 6.3 percent) and hotels and restaurants (7 percent vs 6.4 percent). On a monthly basis, consumer prices dropped by 1 percent, the first decline since December 2021 and the sharpest since 2016. source: STATEC, Luxembourg

Inflation Rate in Luxembourg averaged 2.18 percent from 1991 until 2022, reaching an all time high of 7.40 percent in June 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 August of 2022.

Inflation Rate in Luxembourg is expected to be 6.10 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.

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Luxembourg Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-06 10:00 AM Jun 7.4% 6.8% 7%
2022-08-03 10:00 AM Jul 6.7% 7.4% 6.8%
2022-09-07 10:00 AM Aug


Related Last Previous Unit Reference
Inflation Rate 6.70 7.40 percent Jul 2022
Consumer Price Index CPI 115.58 116.75 points Jul 2022
Harmonised Consumer Prices 119.04 120.65 points Jul 2022
GDP Deflator 119.36 124.66 points Mar 2022
Producer Prices 146.24 145.18 points Jun 2022
CPI Transportation 121.30 123.09 points Jul 2022
CPI Housing Utilities 118.76 119.22 points Jul 2022
Inflation Rate MoM -1.00 0.80 percent Jul 2022
Producer Prices Change 30.00 32.40 percent Jun 2022
Food Inflation 6.80 5.50 percent Jun 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
6.70 7.40 7.40 -1.35 1991 - 2022 percent Monthly
2015=100

News Stream
Luxembourg Inflation Rate at 4-Month Low
Luxembourg’s annual inflation rate eased to 6.7 percent in July of 2022 from a record-high of 7.4 percent in the previous month, marking the slowest rise in consumer prices since March. Prices decelerated for housing and utilities (8.9 percent vs 9.9 percent in June) and transportation (12.4 percent vs 15.1 percent), amid a sharp decline in inflation of petrol products (43.6 percent vs 56.3 percent). On the other hand, prices continued to rise faster for food and non-alcoholic beverages (7.5 percent vs 6.8 percent), furnishings and household maintenance (6.7 percent vs 6.3 percent) and hotels and restaurants (7 percent vs 6.4 percent). On a monthly basis, consumer prices dropped by 1 percent, the first decline since December 2021 and the sharpest since 2016.
2022-08-03
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