Annual inflation rate in Luxembourg decreased to 1.2 percent in October 2019 from 1.3 percent in the previous month. It was the lowest inflation since April of 2018, as cost slowed for transport (1.2 percent from 1.3 percent in September); miscellaneous goods & services (1.5 percent from 1.6 percent); food & non-alcoholic beverages (0.6 percent from 0.9 percent); alcoholic beverages & tobacco (2.1 percent from 2.3 percent) and communication (1 percent from 1.7 percent). On the other hand, prices advanced faster for furniture & household equipment (1.8 percent from 1.4 percent); recreation & culture (2.1 percent from 1.6 percent); restaurant & hotels (2 percent from 1.9 percent) and clothing & footwear (1.2 percent from 1 percent). Meanwhile, inflation was steady for health (at 0.9 percent) and education (at 1 percent) while prices fell for housing & utilities (-0.1 percent from 0.6 percent). Inflation Rate in Luxembourg averaged 2.13 percent from 1991 until 2019, 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.
Inflation Rate in Luxembourg is expected to be 1.40 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 1.50 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.