The annual inflation rate in Luxembourg decreased to 2.2 percent in June of 2021 from 2.5 percent in the previous month. Prices slowed for transport (5.2 percent vs 6.7 percent in May); miscellaneous goods & services (1.7 percent vs 1.9 percent) and housing & utilities (4.5 percent vs 4.9 percent). Meantime, cost of food & non-alcoholic beverages showed no growth, after rising 0.2 percent. On a monthly basis, consumer prices went up 0.2 percent, following a 0.3 percent gain in May. 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 July of 2021.
Inflation Rate in Luxembourg is expected to be 2.30 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.