Luxembourg's consumer prices jumped by 2.1 percent from a year earlier in April of 2021, the most since May of 2019. Prices surged for housing & utilities (4.03 percent vs 1.98 percent in March) and transports (5.72 percent vs 4.06 percent). Nevertheless, food & non-alcoholic beverages prices declined for the first time in 6 years (-0.53 percent vs 1.24 percent), while deflation deepened in the communications sector (-4.92 percent vs -3.17 percent). On a monthly basis, inflation was barely flat at 0.05 percent, easing from the 1.4 percent advance in the month prior. source: STATEC, Luxembourg
Inflation Rate in Luxembourg averaged 2.08 percent from 1991 until 2021, 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 May of 2021.
Inflation Rate in Luxembourg is expected to be 2.70 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 2.10 in 12 months time. In the long-term, the Luxembourg Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.00 percent in 2023, according to our econometric models.