The annual inflation rate in Luxembourg rose to 1.9 percent in January 2020 from 1.7 percent in the previous month, its highest since last May. Upward pressure came from transport (3.7 percent); miscellaneous goods & services (1.6 percent); housing & utilities (2.4 percent) and food & non-alcoholic beverages (1.5 percent). On a monthly basis, consumer prices decreased 0.6 percent. Luxembourg Inflation Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Inflation Rate in Luxembourg averaged 2.13 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.
Inflation Rate in Luxembourg is expected to be 1.70 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 1.60 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 2.00 percent in 2021, according to our econometric models.