Luxembourg Inflation June 2020

Luxembourg

Luxembourg: Harmonized consumer prices fall at a softer pace in June

July 8, 2020

Consumer prices rose a seasonally-adjusted 0.49% over the previous month in June, rebounding from May’s 0.15% drop. June’s reading largely reflected increasing prices for transport as well as for culture and recreation.

Inflation increase to 0.7% in June from 0.2% in May. Meanwhile, harmonized consumer prices declined 0.4% in June, a softer decease compared to May’s 1.6% drop. Lastly, annual average inflation fell to 1.2% in June (May: 1.3%).

FocusEconomics Consensus Forecast panelists project harmonized inflation to average 0.3% in 2020, which is up 0.1 percentage points from last month’s estimate. In 2021, they see harmonized inflation averaging 1.4%.


Author:, Economist

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Luxembourg Inflation June 20 20

Note: Month-on-month and year-on-year variation of consumer prices in %.
Source: Statistical Office of Luxembourg (STATEC)


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