Luxembourg: Harmonized inflation comes in at highest level since July 2008 in October
Consumer prices rose 0.90% over the previous month in October, picking up from September’s 0.15% rise. The result was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for transportation increased at a faster pace.
Harmonized inflation came in at 5.3% in October, which was up from September’s 4.0%. October’s reading represented the highest inflation rate since July 2008. Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 1.9% in October (September: 1.6%). Lastly, consumer price inflation rose to 3.6% in October, from September’s 2.7%.