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.