The annual inflation rate in Luxembourg increased to 0.7 percent in September of 2020 from 0.6 percent in the previous month. Prices advanced faster for food & non-alcoholic beverages (3 percent vs 2.3 percent in August); miscellaneous goods & services (2.5 percent vs 2.1 percent) and recreation & culture (2.8 percent vs 2.2 percent). Meantime, cost eased for restaurants & hotels (2.5 percent vs 2.6 percent) and furnishings (1 percent vs 1.3 percent) while prices continued to fall for transport (-2.6 percent vs -2.4 percent) and housing & utilities (-1.4 percent vs -0.9 percent). On a monthly basis, consumer prices showed no growth, after rising 0.8 percent in August.

Inflation Rate in Luxembourg averaged 2.10 percent from 1991 until 2020, reaching an all time high of 4.99 percent in October of 2005 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 October of 2020.

Inflation Rate in Luxembourg is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Luxembourg to stand at 1.80 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 1.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Luxembourg Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 4.99 -1.35 1991 - 2020 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-08 10:15 AM Jun 0.8% 0.2% 0.4%
2020-08-05 09:30 AM Jul 0.9% 0.8% 0.7%
2020-09-04 09:30 AM Aug 0.6% 0.9% 0.7%
2020-10-07 09:50 AM Sep 0.7% 0.6% 0.6%
2020-11-09 10:30 AM Oct 0.7%
2020-12-09 10:30 AM Nov


News Stream
Luxembourg Inflation Rate Edges Up to 0.7% in September
The annual inflation rate in Luxembourg increased to 0.7 percent in September of 2020 from 0.6 percent in the previous month. Prices advanced faster for food & non-alcoholic beverages (3 percent vs 2.3 percent in August); miscellaneous goods & services (2.5 percent vs 2.1 percent) and recreation & culture (2.8 percent vs 2.2 percent). Meantime, cost eased for restaurants & hotels (2.5 percent vs 2.6 percent) and furnishings (1 percent vs 1.3 percent) while prices continued to fall for transport (-2.6 percent vs -2.4 percent) and housing & utilities (-1.4 percent vs -0.9 percent). On a monthly basis, consumer prices showed no growth, after rising 0.8 percent in August.
2020-10-07
Luxembourg August Inflation Rate Slows to 0.6%
The annual inflation rate in Luxembourg decreased to 0.6 percent in August of 2020 from 0.9 percent in the prior month. It was the lowest rate since May, amid a slowdown in prices of miscellaneous goods & services (2.1 percent vs 2.7 percent in July); restaurants & hotels (2.6 percent vs 2.9 percent); recreation & culture (2.2 percent vs 2.4 percent) and furnishings (1.3 percent vs 1.9 percent). In addition, costs continued to fall for transport (-2.4 percent vs -2.5 percent) and housing & utilities (-0.9 percent vs -0.6 percent). Meantime, inflation remained steady for food & non-alcoholic beverages (at 2.3 percent). On a monthly basis, consumer prices inched up 0.8 percent, after falling 0.5 percent in the prior month.
2020-09-04
Luxembourg Inflation Rate at 4-Month High of 0.9%
The annual inflation rate in Luxembourg increased to 0.9 percent in July of 2020 from 0.8 percent in the previous month. It was the highest inflation since March, as prices advanced faster for miscellaneous goods & services (2.7 percent vs 2.2 percent in June); restaurants & hotels (2.9 percent vs 2.8 percent); alcoholic beverages & tobacco (1.9 percent vs 1.5 percent) and furnishings (1.9 percent vs 1.6 percent). In addition, costs fell less for transport (-2.5 percent vs -4.1 percent) and housing & utilities (-0.6 percent vs -1 percent). On the other hand, prices slowed for food & non-alcoholic beverages (2.3 percent vs 3.4 percent); recreation & culture (2.4 percent vs 3.2 percent) and health (0.7 percent vs 1.1 percent). On a monthly basis, consumer prices went down 0.5 percent, after increased 0.5 percent in June.
2020-08-05
Luxembourg June Inflation Rate Quickens to 0.8%
The annual inflation rate in Luxembourg rose to 0.8% in June of 2020 from 0.6 percent in May, which was the lowest since August of 2016. Prices advanced faster for recreation & culture (3.2 percent vs 2.6 percent in May); restaurants & hotels (2.8 percent vs 2.1 percent); miscellaneous goods & services (2.2 percent vs 2.1 percent); alcoholic beverages & tobacco (1.5 percent vs 1.1 percent) and health (1.1 percent vs 0.9 percent). In addition, costs fell less for transport (-4.1 percent vs -4.8 percent) and housing & utilities (-1 percent vs -2.4 percent). Meanwhile, inflation edged lower for food & non-alcoholic beverages (3.4 percent vs 3.6 percent) and furnishings (1.6 percent vs 2.2 percent). On a monthly basis, consumer prices went up 0.5 percent, after dropping 0.2 percent in the previous month.
2020-07-08

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.