Annual inflation rate in Luxembourg fell to 5.4% in December of 2022 from 5.9% in November, hitting the lowest since January of 2022, due to an easing in prices of petroleum products. Transport cost rose at a slower 6.2% vs 8.1% in the previous month. Inflation also eased for housing and utilities (6.1% vs 6.3%). On the other hand, prices rose faster for food and non-alcoholic beverages (10.9% vs 10.4%) and clothing and footwear (4.6% vs 4.2%). Compared to the previous month, the CPI fell 0.6%, the biggest drop since February 2021, with diesel prices sinking 11.5% and gasoline 12.3%. source: STATEC, Luxembourg

Inflation Rate in Luxembourg averaged 2.23 percent from 1991 until 2022, reaching an all time high of 7.40 percent in June of 2022 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 February of 2023.

Inflation Rate in Luxembourg is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Inflation Rate is projected to trend around 3.70 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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Luxembourg Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 11:00 AM Nov 6% 6.9% 5.5%
2023-01-09 11:20 AM Dec 5.4% 5.9% 5.7%
2023-02-15 11:00 AM Jan 5.4%


Related Last Previous Unit Reference
Inflation Rate 5.40 5.90 percent Dec 2022
Consumer Price Index CPI 117.06 117.78 points Dec 2022
Harmonised Consumer Prices 119.09 120.79 points Dec 2022
GDP Deflator 124.41 122.54 points Sep 2022
Producer Prices 148.68 148.16 points Dec 2022
Producer Prices Change 19.00 20.30 percent Dec 2022
Inflation Rate MoM -0.60 -0.20 percent Dec 2022
Food Inflation 10.90 10.43 percent Dec 2022
CPI Transportation 117.80 120.63 points Dec 2022
CPI Housing Utilities 119.71 120.60 points Dec 2022

Luxembourg Inflation Rate
In Luxembourg, the most important categories in the consumer price index is Housing, Water, Electricity, Gas and Other Fuels (13 percent of total weight); Miscellaneous Goods and Services (12 percent); and Transport (10 percent). Food and Non-Alcoholic Beverages account for 9 percent; Furniture, Household Goods and Maintenance for 6 percent; Clothing and Footwear for 5 percent; and Recreation and Culture for 4 percent. Restaurants and Hotels; Alcohol Beverages and Tobacco; Health; Communication; and Education account for the remaining 12 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.90 7.40 -1.35 1991 - 2022 percent Monthly
2015=100

News Stream
Luxembourg Inflation Rate Down to Near 1-Year Low
Annual inflation rate in Luxembourg fell to 5.4% in December of 2022 from 5.9% in November, hitting the lowest since January of 2022, due to an easing in prices of petroleum products. Transport cost rose at a slower 6.2% vs 8.1% in the previous month. Inflation also eased for housing and utilities (6.1% vs 6.3%). On the other hand, prices rose faster for food and non-alcoholic beverages (10.9% vs 10.4%) and clothing and footwear (4.6% vs 4.2%). Compared to the previous month, the CPI fell 0.6%, the biggest drop since February 2021, with diesel prices sinking 11.5% and gasoline 12.3%.
2023-01-09
Luxembourg Inflation Rate Eases to 6% in November
Annual inflation rate in Luxembourg rose 6 percent year-on-year in November of 2022, slowing from a 6.9 percent gain in the previous month. Cost advanced at a softer pace for housing & utilities (6.3 percent vs 8.8 percent in October), namely gas (18.2 percent vs 37.7 percent), furnishings, household equipment & routine household maintenance (8.5 percent vs 9.1 percent), transport (8.1 percent vs 10.6 percent) and recreation & culture (2.7 percent vs 4.7 percent). On the other hand, inflation increased for clothing (5.4 percent vs 2.6 percent) and footwear (0.1 percent vs -4.6 percent). On a monthly basis, consumer prices went down 0.2 percent, after a 0.9 percent rise in the prior month.
2022-12-07
Luxembourg Inflation Rate Steady at 3-Month High of 6.9%
Luxembourg's annual inflation rate stood at a three-month high of 6.9% in October of 2022, unchanged from the previous month. Upward pressure came mostly from prices of transportation (10.6% vs 10.4% in September), food & non-alcoholic beverages (10.5% vs 8.8%), furnishings & household equipment (9.1% vs 8.1%) and housing & utilities (8.8% vs 8.9%). Costs also picked up for communications (2.9% sv 0.9%). Meanwhile, inflation slowed down for miscellaneous goods & services (3.7% vs 5.4%), restaurants & hotels (5% vs 6.8%) and recreation & culture (4.7% vs 5.7%). On a monthly basis, consumer prices inched up by 0.9%, after increasing by 0.3% in the previous month.
2022-11-07